Movies

PVR plans to invest Rs 1.2 bn in multiplex biz


MUMBAI: Multiplex chain operator PVR Ltd has decided to up its investments to between Rs 1 billion and Rs 1.20 billion in setting up more screens nationwide over the next two to three years.


Talking of the expansion plan, PVR President and CEO Pramod Arora said, “Our theatres have done well and that makes us more and more confident for us to go into expansion.”


The firm will add around 50 to 60 per cent across properties in India and “it is difficult to say where screens would be added and where the new properties would come up. It is estimated that the screen size would grow to around 165 screens from the current 108.”

PVR will soon launch a multiplex in Chennai.

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