stocks of multiplex operator PVR jumped over three per cent, whilst realty developer DLF shares won over 2 in line with cent on Wednesday. On Tuesday, PVR and DLF ended four.7 in step with cent and 1.15 in step with cent higher, following the closure of DT Cinema deal.
in keeping with an amended settlement, DLF will sell 32 displays of DT Cinema to PVR for a revisedattention of Rs 433 crore.
The deal will help DLF pare its debt, which stood at almost Rs 22,000 crore on the quit of March 2016zone; PVR gets a bigger foot print in the country, giving more visibility to its destiny profits.
“put up this deal our mixed cinema circuit now increases to about 553 monitors across forty sevendifferent towns in India,” Nitin Sood, chief economic officer at PVR told NDTV profit. (Watch)
PVR could be very bullish about its future boom post this deal. “we are searching at upwards of 20 in line with cent sales boom fee for FY17,” Mr Sood added.
PVR stocks closed 2.23 in line with cent higher at Rs 903.25, even as DLF stocks ended 2.forty six percent better at Rs 133.10 in comparison to 0.17 in keeping with cent advantage within the broader Sensex.
story first published on: June 01, 2016 15:12 (IST)
Tags: PVR, DLF, DT Cinema deal, PVR stocks, DLF shares, Nitin Sood
