Cinemax India gains; PVR looks to buy stake

Tue Nov 27, 2012 2:41pm IST

Related Topics

Stocks

   

Reuters Market Eye - Shares in Cinemax India Ltd(CINX.NS) gain 1.5 percent, after PVR Ltd (PVRL.NS) 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.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage