Leading multiplex operator PVR has acquired 71.69% share of South India-based chain SPI Cinemas..Shardul Amarchand Mangaldas advised PVR and the team was led by Partner Akila Agrawal (till she resigned to join Cyril Amarchand Mangaldas) and thereafter Partner Sourav Kanti De Biswas led the team. Partner Naval Chopra advised on competition law aspects..Cyril Amarchand Mangaldas acted for SPI Cinemas and the team was led by Mumbai-based Partners L. Viswanathan, Vandana Sekhri and Ruchira Shroff..SPI Cinemas operates 76 screens across 17 properties in 10 cities under several brands such as Sathyam, Escape, Palazzo, S2 Cinema..The acquisition of SPI, the largest cinema exhibitor in south India, will make PVR the seventh largest cinema exhibitor in the world, reported Mint..In 2015, PVR acquired the cinema business of DLF, DT Cinemas for Rs. 500 crores. Shardul Amarchand Mangaldas had advised PVR while Luthra & Luthra had acted for DT Cinemas.
Leading multiplex operator PVR has acquired 71.69% share of South India-based chain SPI Cinemas..Shardul Amarchand Mangaldas advised PVR and the team was led by Partner Akila Agrawal (till she resigned to join Cyril Amarchand Mangaldas) and thereafter Partner Sourav Kanti De Biswas led the team. Partner Naval Chopra advised on competition law aspects..Cyril Amarchand Mangaldas acted for SPI Cinemas and the team was led by Mumbai-based Partners L. Viswanathan, Vandana Sekhri and Ruchira Shroff..SPI Cinemas operates 76 screens across 17 properties in 10 cities under several brands such as Sathyam, Escape, Palazzo, S2 Cinema..The acquisition of SPI, the largest cinema exhibitor in south India, will make PVR the seventh largest cinema exhibitor in the world, reported Mint..In 2015, PVR acquired the cinema business of DLF, DT Cinemas for Rs. 500 crores. Shardul Amarchand Mangaldas had advised PVR while Luthra & Luthra had acted for DT Cinemas.
