PVR Buys South India’s SPI Multiplex Chain for $127 Million

Read on: Variety.

PVR Cinemas has extended its lead as the largest multiplex operator in India by finally buying South Indian circuit SPI Cinemas. The purchase price is $127 million (INR8.5 billion). SPI operates a total of 76 screens, at 17 properties, variously branded as Escape, Palazzo, S2 and the Sathyam Cinema in Chennai. They cover the states […]