PVR's Board approved the deal, its second major acquisition after acquiring Cinemax for Rs 395 crore in 2012.

Commenting on the deal, PVR Chairman-cum-Managing Director Ajay Bijli said: "It has been our strategy to expand our film exhibition business both organically and inorganically over the years.''

"This acquisition is in pursuance of our core strategy to offer a world-class cinema experience to the discerning Indian consumer,'' he added.

As a result of the proposed acquisition, PVR will have a presence in 44 cities with 115 multiplexes and 506 screens, the company said in a statement.DT Cinemas currently operates 29 screens with about 6,000 seats across eight properties in the National Capital Region and Chandigarh.

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