DT Cinemas Sold its Screens to Cinepolis

Realty major DLF sold its remaining 7 screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore.

Earlier DLF Ltd had in May sold its 32 screens of DT cinemas to multiplex operator PVR at a revised consideration of Rs 433 crore.

Originally, PVR was to acquire all 39 screens, comprising 9,000 sitting capacity for Rs 500 crore, but the deal was revised after fair trade regulator CCI raised some objections.

The Competition Commission of India had in May approved PVR’s proposed acquisition of DT Cinemas from DLF while directing the companies to exclude these 7 screens from the deal to address anti-competitive concerns.