PVR's Aborted Acquisition of DLF's DT Cinemas


PVR's Aborted Acquisition of DLF's DT Cinemas
Case Code: BSTR372
Case Length: 15 Pages
Period: 2009 - 2010
Pub Date: 2010
Teaching Note: Not Available
Price: Rs.300
Organization: PVR Ltd, DLF's DT Cinemas
Industry: Media and Entertainment
Countries: India
Themes: Acquisition and Strategic Alliance
PVR's Aborted Acquisition of DLF's DT Cinemas
Abstract Case Intro 1 Case Intro 2 Excerpts

Excerpts

PVR Limited

Based in Gurgaon in the National Capital Region of India, PVR Ltd pioneered the multiplex phenomenon in the country in 1997. As of November 2009, it operated 108 screens across 14 cities...

DLF's DT Cinemas Limited

Headquartered at New Delhi, DLF Limited (DLF) was one of the leading real estate developing companies in India. Established in 1946, it had developed 231 million square feet of land into residential, commercial, and retail properties as of November 2009...

PVR Announces the Acquisition of DT Cinemas

Continuing with its expansion plans, in November 2009, PVR entered into an agreement to acquire DT Cinemas in cash and stock worth Rs 202 million and allotment of 2.557 million shares of PVR to DT Cinemas...

The Anti-Climax and After

In February 2010, PVR cancelled this acquisition stating that DT Cinemas did not meet conditions necessary to complete the deal within the stipulated time. As per the deal, both the companies had to satisfy the conditions within 60 days of the agreement...

Exhibits

Exhibit I: Sales of Multiplex Operators in India
Exhibit II: Screens Expansion by Multiplex Operators in India
Exhibit III: PVR's Share Price Movements on National Stock Exchange (NSE): From 2005 to 2009
Exhibit IV (A): Revenues of PVR Ltd.: From 2002 to 2009
Exhibit IV (B): Annual Net Profit of PVR Ltd.: From 2002 to 2009
Exhibit V (A): Annual Moviegoers at PVR Cinemas: From 2004 to 2009
Exhibit V (B): Annual Occupancy Rates of PVR Cinemas: From 2002 to 2009
Exhibit VI: Annual Revenues of DLF Ltd.: From 2007 to 2009
Exhibit VII: Miniplex: An Innovative Business Model in the Indian Cinema Exhibition Industry

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