Warburg Pincus Buys Stake in PVR Cinemas

2019 ias preliminary exam test series

Affiliates of Warburg Pincus have acquired an equity stake of approximately 14% in PVR, India’s largest film and retail entertainment company for approximately Rs. 820 crore.

The stake is being acquired from affiliates of private equity firm Multiples who will remain a long term investor with a 14% equity stake and the current promoters who will continue to drive the business and remain the largest shareholders with a shareholding greater than 20%.

PVR operates 562 screens in 122 properties in 48 cities pan India.

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