PVR has announced acquisition of SPI Cinemas, a leading multiplex player in the Southern market. The acquisition is expected to be complete in a month and would make PVR no. 1 player in key markets like Chennai, Bangalore and Hyderabad. PVR would pay EV of Rs10 bn in total and would fund it through a combination of internal accruals, debt and equity. Based on the brief financials of SPI Cinemas shared...