PVR, an entertainment company, is setting aside an investment of about Rs 75 crore over the next three year as the company mulls to expand operations of its bowling alley arm, PVR BluO, across cities like Bangalore, Pune, Chennai and Mumbai, Chandigarh and Ludhiana. The company aims that PVR BluO should by 3-year down the line have 250 lanes operational, compared to the current 50.
Further, the company also recently reported that it is eyeing to double its number of multiplex screens in the next three years. The company for this will invest Rs 100 crore per year and expects to operate 300 screens in the next three years.
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. It currently owns 101 screens across 14 cities and many more are in the offing.
