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:
  • Most Popular
  • Most Shared

Reforms Plan

REUTERS SHOWCASE

Border Talks

Border Talks

India names Ajit Doval as special envoy for China border talks.  Full Article 

WTO Deal

WTO Deal

U.S. seeks to step up India trade talks  Full Article 

Phone Masts

Phone Masts

American Tower to buy Bharti Nigeria phone masts for $1.1 billion  Full Article 

Infrastructure Plan

Infrastructure Plan

India targets private cash to build railways to its ports.  Full Article 

Shadow Banking

Shadow Banking

Reserve Bank planning more measures for NBFCs.  Full Article 

Auto Sector

Auto Sector

Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets  Full Article 

Oil Prices

Oil Prices

Some fund managers see oil falling to $60 without OPEC cut.  Full Article 

Project Shelved

Project Shelved

Jindal Steel shelves $10 bln project after coal setback.  Full Article 

Market Eye

Market Eye

Sensex, Nifty rise to record after China, ECB stimulus boosts risk appetite.  Full Article 

Reuters India Mobile

Reuters India Mobile

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