Receives CCI approval with exclusions for the proposed acquisition
PVR has received an order of the Competition Commission of India ("CCI") under Section 31(7) of the Competition Act, 2002 dated 04 May 2016, whereby the CCI has approved the proposed combination with DLF Utilities in relation to acquisition of DT Cinemas, with certain modifications as proposed by the Company on April 11, 2016, which inter alia include exclusion of DT Savitri (1 screen) and DT Saket (6 screens) from the proposed combination.The Company is assessing the order and will take appropriate action in due course.
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