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PVR to foray into Sri Lanka, open theater in collaboration with Shangri La

The company has 809 screens at 171 properties in 70 cities in India.

Press Trust of India  |  New Delhi 

PVR. cinema, movie, hall

Film exhibition firm on Friday announced its foray into the Sri Lankan market with the opening of its first theatre in collaboration with Shangri La Group.

Lanka at One Galle Face Mall is a nine-screen property with premium luxury format besides dedicated auditorium for young ones and family, the company said in a regulatory filing.

"Entering was part of our business strategy for FY19-20...the socio-cultural similarity between the two nations (India and Sri Lanka) makes the scope for business growth opulently clear," Chairman and Managing Director Ajay Bijli said.

He further said the company's vision has been to introduce new concepts and make regional content more accessible for the audience in

"The Indian film industry has grown exponentially in the last few years and has a global fan base that we aim to cater to through innovation and expansion," Bijli added.

PVR said its first property in is spread across 38,454 square feet with a seating capacity of 1,176.

The company has 809 screens at 171 properties in 70 cities in India.

First Published: Fri, November 08 2019. 12:15 IST