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Vatika Group inks pact with PVR to open 26 multiplex screens in three townships

19 Mar 2015 Evaluate

Vatika Group has tied up with multiplex operator PVR to open and operate 26 multiplex screens in three townships - Vatika India Next, Vatika Infotech City and Vatika City Central in Gurgaon, Jaipur, and Ambala, respectively. The multiplexes, with a total capacity of 5,000 people, will attract an investment of over Rs 300 crore jointly invested by Vatika and PVR.

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.

Peers
Company Name CMP
PVR Inox 1327.15
Saregama India 485.50
Shemaroo Entertain. 103.65
UFO Moviez India 55.18
Tips Music 636.35
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