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PVR-DT Cinema deal not called off: Sources

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Uploaded by on Jan 25, 2010

The market has been abuzz with news of PVR Cinemas calling off its plan to acquire DT Cinemas. However, CNBC-TV18 learns that the Rs 60-crore deal, which was signed on November 13, 2008, is still on. Both PVR and DT are committed to the deal and PVR will issue preferential shares after DT complies with some conditions."

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