PVR is working on incorporating a new subsidiary, PVR Leisure, in association with L-Cap Eco, which will hold 46% stake in the company. It aims to complete the formalities in the next couple of weeks. As per the plan, new joint venture company will look after BluO, its bowling alley business, in addition to PVR’s upcoming initiatives in the gaming, F&B and lifestyle space.
Recently, PVR had inaugurated a new 9-screen, 2,081-seat, multiplex in Pune, marking its first foray into the city. It has invested Rs 25 crore in this property and aims another 7-screen PVR multiplex in Pune in the next three to four months.
