September 25, 2023

By Malvika Gurung – Shares of PVR (NS:) Cinemas, the nation’s largest and most unique movie exhibit firm, rose 3.2% on Monday after the foremost firm introduced it had reached a brand new milestone in its 25-year journey, by opening 900 screens at 1,680.75 every. It reached Rs on 9 January 2023.

The multiplex operator has launched three new multiplexes in Jaipur, Bengaluru and Gurugram, including 19 screens on Monday and bringing the overall quantity to 63 screens to date within the 2022-23 fiscal yr, equal to PVR’s goal of getting 100 screens by FY23.

The corporate stated in a press launch to exchanges that with three new properties launching on Jan. 9, PVR has reached 903 screens throughout 181 properties in 78 cities in India and Sri Lanka.

The multiplex operator has launched an 8-screen multiplex in Jaipur and opened its largest and fourth property in Rajasthan, selling premium show codecs comparable to 4DX and LUXE within the state. A brand new facility with a capability of 944 spectators was opened on the Mall of Jaipur.

The brand new 7-screen multiplex in Bengaluru is PVR’s thirteenth and seventeenth property in Karnataka and opened at Bhartiya Mall of Bengaluru with a seating capability of 1,343 spectators.

The 4-screen multiplex opened right now in Gurugram is the seventh and twelfth property launched in Elan Metropolis Heart in Haryana, with a seating capability of 561 spectators.

“We now look ahead to the subsequent milestone of 1,000 screens and are crammed with the fervour to offer a extra fulfilling cinema expertise to individuals from completely different geographies and demographics,” stated Sanjeev Kumar Bijli, Joint Managing Director of PVR Ltd.

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