Affiliates of Warburg Pincus have acquired an equity stake of approximately 14% in PVR, India’s largest film and retail entertainment company for approximately Rs. 820 crore.
The stake is being acquired from affiliates of private equity firm Multiples who will remain a long term investor with a 14% equity stake and the current promoters who will continue to drive the business and remain the largest shareholders with a shareholding greater than 20%.
PVR operates 562 screens in 122 properties in 48 cities pan India.
