MARKET EYE-Cinemax India gains; PVR looks to buy stake

Tue Nov 27, 2012 11:32am IST

Related Topics

Stocks

   

* 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.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

Surprise Rate Cut

Reuters Showcase

Eicher Share Sale

Eicher Share Sale

Truck maker Volvo sells shares in Eicher Motors  Full Article 

Services Growth

Services Growth

Services growth at eight-month high in Feb - HSBC PMI  Full Article 

StanChart Results

StanChart Results

StanChart rules out share sale as profit plunges 25 pct  Full Article 

Bond Market

Bond Market

Bonds at 20-month highs, rupee gains after surprise rate cut  Full Article 

Jim O’Neill Interview

Jim O’Neill Interview

'India can become world’s fifth-largest economy by decade’s end'  Full Article 

Coal Imports

Coal Imports

India coal imports in Feb jump from year ago, but drop m/m  Full Article 

China Services

China Services

China Feb HSBC services PMI edges up to 52.0 as orders improve  Full Article 

Next Superhero

Next Superhero

Franchise Man swoops in to save Bollywood  Full Article 

Budget 2015

Budget 2015

Budget announcements and reactions from the industry  Full Coverage 

Reuters India Mobile

Reuters India Mobile

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