Cinemax in talks to sell stake to PVR

November 27, 2012 17:34

Multiplex chain operator Cinemax today said its promoters are in exclusive discussions with PVR for selling stake in the company.

"Cinemax India has been informed by its promoters that they are engaged in exclusive discussions with PVR for a potential sale of their shares in the company. However, no definitive agreements have been entered into in this respect," Cinemax said in a BSE filing.

In a similar filing, PVR also confirmed that it is in "active discussions with the promoters of Cinemax India" for a potential purchase of the company's shares.

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