PVR to invest Rs 150 crore to add 30-40 screens next fiscal
NEW DELHI: Multiplex major PVR plans to invest Rs 150 crore to open up to 40 screens across the country in the next fiscal. The company’s target of having 1,000 operational screens has been pushed by a year due to the outbreak of the COVID-19 pandemic to the end of fiscal 2022-23, a top company […]
PVR defers capex plans to control costs amid COVID-19 disruptions
NEW DELHI: Multiplex major PVR has deferred its capital expenditure plans in a bid to control costs as the company braces for a significant impact on its profitability in the current fiscal due to the ongoing COVID-19 pandemic. Cinema halls in India have remained shut since March this year, after the government imposed nationwide lockdown […]
PVR to raise Rs 750 crore, seeks shareholders’ nod
NEW DELHI: Multiplex chain operator PVR on Friday said it is planning to raise up to Rs 750 crore through issue of securities to qualified institutional buyers, for which it is seeking shareholders’ nod. In a regulatory filing, PVR said its board had on December 21 approved issue of equity shares of the company with […]