In a bid to add 100 new screens this fiscal as part of its expansion plans, Multiplex operator PVR will invest Rs 250 crore. The company is also coming up with four Superplexes that has a minimum 12 screens and multiple formats under one roof. The first 15-screens Superplex will be at Logix shopping mall in Noida to be launched during Diwali this year.
The company will fund the investment through internal accruals. The company has a debt-equity ratio of 1:1. Currently, PVR has 444 screens in 101 properties spread across 43 cities and targets to touch 1,000 screens by 2017-18 through organic growth.
PVR is engaged in the business of film exhibition. The company operates other business such as providing content, film distribution and Entertainment Park through its subsidiaries. Currently, the company has achieved the status of being India’s largest cinema chain.
Company Name | CMP |
---|---|
PVR | 1402.25 |
Saregama India | 444.60 |
Eros Internatl.Media | 22.96 |
Shemaroo Entertain. | 170.00 |
Balaji Telefilms | 80.48 |
View more.. |