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    HomeNewsBusinessCompaniesCinemax India gains; PVR looks to buy stake

    Cinemax India gains; PVR looks to buy stake

    Shares in Cinemax India gain 1.5 percent, after PVR said it is engaged in talks with promoters of Cinemax India for a potential purchase of their shares.

    November 27, 2012 / 15:12 IST
       
       
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      Shares in Cinemax India gain 1.5 percent, after PVR said it is engaged in talks with promoters of Cinemax India for a potential purchase of their shares.


      PVR Ltd has informed exchanges that it is talking with the promoters of Cinemax India for a potential purchase of their shares in Cinemax India. However, no definitive agreements have been entered into.


      Dealers say the market had a whiff of this announcement, resulting in a 117 percent rise in the stock price in November, as of Monday's close.

      first published: Nov 27, 2012 02:46 pm

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