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PE firm among five bidders for SRS Cinemas

Shah Junaid/VCCircle

Diversified consumer services firm SRS Ltd has received preliminary bids from five suitors to buy its multiplex business, including one private equity firm and the top four players in the cinema exhibition space, two persons directly privy to the development told VCCircle. SRS Cinemas operates 62 movie screens across 17 cities, including Gurgaon, Patiala, Shimla and Agra, according to its annual report for FY2015-16. The proposed deal would be the last large size transaction after a spate of consolidation moves in the last six-seven years has brought much of the market under the net of the top four players- PVR,...

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Samara Capital Management Ltd. is a private equity fund. It provides growth capital to companies operating in India. The firm seeks to invest in media, consumer products, services and retail, information technology and outsourcing, financial service, pharmaceuticals and healthcare, infrastructure and infrastructure ancillary industries. The company was founded in 2006 and is based in Mumbai, Maharashtra with additional offices Mauritius and Delhi.

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