PVR shares hit 52-week high on buyout buzz
Shares of India’s largest cinema operator PVR surged over 8% to hit a fresh 52-week high, following news reports that Wanda Cinema Line, the theater division of China's Dalian Wanda group, has initiated talks to buy a controlling stake in PVR. Wanda Cinemas is Asia's largest film group and theatre operator, owned by China's richest man, Wang Jianlin.