CCI approves PVR’s acquisition of DLF’s cinema exhibition business with modifications* CCI, by its order dated May 04, 2016, has approved acquisition of DLF’s film exhibition business, subject to modifications. The proposed combination relates to acquisition by PVR of DLF Utilities Limited (DUL) film exhibition business comprising of 39 screens (29 existing and 10 upcoming) as a going concern on a slump sale basis. PVR is engaged in the business of developing, operating and managing cinema theatres across India. It has 467 screens in 43 cities across India. DUL, part of DLF Group, is engaged in, inter alia, operating and maintaining cinema. At present DUL has 29 screens in Delhi, Gurgaon and Chandigarh and is in the process of developing 10 more screens in Delhi and Noida. The CCI
The Indian Competition Authority approves acquisition of film exhibition business by a cinema theatre company subject to conditions (PVR / DUL)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.