Warburg Pincus acquires nearly 14% stake in PVR for Rs 820 crore
"The Indian multiplex industry is at a cusp of rapid transformation and at the next level of growth driven by consumer demand and experience, convenience and technology. We are delighted to welcome Warburg Pincus as an investor as we continue to accelerate our long term development and expansion," PVR Chairman and Managing Director Ajay Bijli said.
PVR currently operates a cinema circuit comprising 562 screens in 122 properties in 48 cities pan India. Photo: Official Website