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Cinemax India gains; PVR looks to buy stake

Source : REUTERS
Last Updated: Tue, Nov 27, 2012 09:32 hrs
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Shares in Cinemax India Ltd gain 1.5 percent, after PVR Ltd 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.




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  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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