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PVR to invest Rs 350 crore to open 100 new screens in FY23

27 Sep 2022 Evaluate

PVR is planning to invest up to Rs 350 crore to open 100 new screens in FY23. Locations, where it intends to expand, include Rourkela, Dehradun, Vapi, Chennai, Coimbatore, Thiruvananthapuram and Ahmedabad. The investments will be funded by cash balances from internal accruals and also some debt.

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.

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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