PVP Ventures gets Rs212.5 mn bid for cinema

Mumbai: PVP Ventures Ltd said that its unit, PVP Screens, has accepted a bid worth Rs212.5 million for its cinema property in the southern city of Chennai.

This includes the land, building under construction as well as furniture, the company said in a statement to the stock exchange.

PVP SCreens is a wholly owned unit of Telephoto Entertainments Ltd in which PVP Ventures holds 65.81%, it said.