Certain modifications has been proposed by the Competition Commission of India (CCI) to the Rs 500 crore deal between PVR and DLF group’s DT Cinemas which would create one of the largest multiplex chains in the country.
PVR has said in BSE filing that “The company has received a communication from the CCI dated February 25, 2016 under Section 31(3) of the Competition Act, 2002, whereby the CCI has proposed certain modifications to the proposed combination with DLF Utilities Limited in relation to acquisition of DT Cinemas.”
It said further that “The company is reviewing the communication and will respond to the CCI in due course”
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