In a bid to open another 75 screens over the next one year in the country, Multiplex chain operator PVR is planning to invest Rs 150 crore. The new screens will be fairly spread out in Tier-I and Tier-II cities, including Kochi and Chandigarh. The company, at present has 213 screens plus 138 screens of Cinemax, taking the total number to 351 in the country.
In January this year, PVR completed the acquisition of 69.27% stake in Cinemax India from its erstwhile promoters.
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.
