By selling remaining seven screens (six located in Saket and one in Greater Kailash 2) for a bounty of Rs 64 crore, DLF’s movie has come to an ‘End’ in cinema hall business.
DLF has at last put its banner down for the silver screen business by offering its staying seven screens to Cinepolis for Rs 64 crore. Prior, the organization had hit the media features in the wake of going into a corrected consent to offer its 32 screens of DT silver screens to multiplex administrator PVR at an updated thought of Rs 433 crore in May.
Presently, by offering staying seven (six situated in Saket and one in Greater Kailash 2) for an abundance of Rs 64 crore, DLF's film has arrived at an "End" in silver screen corridor business. The opposition guard dog had, in any case, requested that the firm bar seven screens from the exchange to manage hostile to aggressive concerns.
According to the organization's filling at Bombay Stock Exchange (BSE), DLF Utilities Ltd., (DUL), an auxiliary has finished an exchange today i.e.September 02, 2016 with Cinepolis India available to be purchased and exchange of staying seven screens relating to DT Cinemas (Saket-6 screens and Greater Kailash Part 2-1 screen) as a going worry on a droop deal premise for a thought of Rs. 63.67 endless supply of CCI endorsement.
With the conclusion of this exchange, the organization will exit from the silver screen display business. This is in accordance with the association's technique to concentrate on its center business and strip non-center organizations or resources, filling states further.