PVR complains against Ronnie Screwvala to Sebi, say his tweets hurt stock

Multiplex operator PVR on Friday told Sebi its share prices fell because of film producer Ronnie Screwvala made "false and misleading statements" about a levy on exhibiting movies.

Screwvala, an entrepreneur, has said there is "nothing slanderous or malicious," in his complaint to the Competition Commission of India (CCI) about multiplex operators.

He has alleged operators, including PVR, are unfairly charging Virtual Print Fee (VPF)-- a levy on digital cinema service providers--from producers.

PVR said Screwvala tweeted on March 19 about his complaint with the CCI against multiplex chain operators saying that four large multiplex operators allegedly earn around Rs