The brand new multiplexes enhance the variety of PVRs to 63 screens up to now within the present fiscal 12 months, consistent with the growth technique of opening 100 screens within the present fiscal 12 months.
Shares of movie exhibitor and multiplex chain operator PVR Cinemas rose 2.82 % in intraday buying and selling Monday to Rs 1,675 every as the corporate accomplished a serious milestone by opening three new multiplexes in Jaipur, Bengaluru and Gurugram, working greater than 900 screens. rose to .
The three new multiplexes encompass a complete of 19 screens. New launches embody an 8-screen multiplex, the most important in Rajasthan, a 7-screen multiplex at Bhartiya Mall of Bengaluru, and a 4-screen multiplex in Elan Metropolis Heart, Haryana.
The brand new openings convey the whole variety of PVR to 63 screens within the present fiscal 12 months, consistent with the growth technique of opening 100 screens within the present fiscal 12 months.
With the brand new launches, PVR Cinemas now has 181 properties with 903 screens in 78 cities in India and Sri Lanka.
The newest multiplex in Jaipur has a seating capability of 944, with codecs like 4DX and LUXE being launched for the primary time in Rajasthan. The Multiplex may also have luxurious options like recliners and best-in-class theater options together with Dolby Atmos sound and SP4K Laser projectors.
In Bengaluru, the variety of properties of PVR elevated to 13 and 17 in Karnataka. The most recent multiplex has been unveiled at Bhartiya Mall of Bengaluru with a seating capability of 1,343.
In Gurugram, PVR launched its seventh and twelfth properties in Haryana, opening a 4-screen multiplex in Elan Metropolis Heart with a seating capability of 561.
Shares of PVR Ltd. closed at Rs 1,661.60, up 2 % on BSE on Monday.
(Edited by: Rukmani Krishna)
PVR opens 19 screens in Jaipur, Bengaluru and Gurugram and exceeds the 900 display restrict
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