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SRS Cinemas’ sale talks with PE, multiplex firms hit valuation dead-end

SRS Cinemas’ sale talks with PE, multiplex firms hit valuation dead-end

20 Mar 2017

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SRS Cinemas’ sale talks with PE, multiplex firms hit valuation dead-end

Diversified consumer services firm SRS Ltd’s plan to sell its cinema exhibition business to cut debt has hit a dead-end over valuation mismatch, said a person close to the development.The company had received preliminary bids from five suitors in January for its multiplex business. The bidders included one private equity ......