PVR launches 5-screen multiplex in Telangana
After merging with Inox, PVR opens its 16th cinema in Hyderabad, increasing its presence in Telangana.
Launch of 5-screen Multiplex
PVR Limited, India's largest and most premium cinema exhibition company, announced today the opening of a new 5-screen multiplex in the state of Telangana, following its merger with INOX Leisure Limited. With 102 screens in 18 properties, the new multiplex at Ashoka One Mall on Y Junction in Hyderabad strengthens the company's foothold in Telangana and consolidates the merged entity's presence in South India with 508 screens in 92 properties.
The multiplex is in Kukatpally, a residential and commercial area with excellent access to the city's hotspots. Due to its proximity to the IT hubs of Hitech City and Gachibowli, Kukatpally has emerged as a preferred location for professionals working in these IT hubs.
The five auditoriums, which seat 1274 people and have last-row recliners, are equipped with advanced laser projection for crystal-clear visuals and a spectacular audio experience with Dolby Atmos technology.
Stock price movement
Today the stock opened at Rs 1600.05 and has touched a high and low of Rs 1601.90 and Rs 1518.35 respectively. The BSE group 'A' stock of face value of Rs 10 has touched a 52-week high and low of Rs 2,211.55 and Rs 1,484.40, respectively. Last one week high and low of the scrip stood at Rs 1692 and Rs 1518.35, respectively. The current market cap of the company is Rs 9,435.42 crore.
The promoters holding in the company stood at 16.94%, while Institutions and Non-Institutions held 66.99% and 16.08% respectively.
Company profile
PVR Limited (PVR) is India’s largest and most premium film exhibition company. It pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 in New Delhi and continues to lead the market with a relentless focus on innovation and operational excellence to democratise the big‑screen movie experience.
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