November 29, 2012 / 4:17 AM / 5 years ago

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

1 Min Read

* Shares in Cinemax India Ltd gain 5 percent after PVR
Ltd said on Tuesday it was in talks with promoters of
Cinemax India to buy their shares. However, no definitive
agreement has been entered into. 
* Dealers say the market had a whiff of this announcement,
resulting in a 121.6 percent rise in the stock price in
November, as of Tuesday's close. 
* Shares in PVR also gain 2.6 percent.

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

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