Page 15 - Pvr

PVR's acquisition of SPI Cinemas: Benefits offset high deal valuations

On the financials front, operating profit margins of SPI Cinemas are expected to be in the 21-23 per cent range in FY19, which is much higher than PVR's 18 per cent

Foreign investor sells 570,000 PVR shares worth Rs 750 million

The shares were offloaded at an average price of Rs 1,332.15, valuing the transaction at Rs 755.3 million

PVR Q2 profit down 15% to Rs 25 crore

The company had posted a net profit of Rs 29.13 crore during the same period previous fiscal

PVR launches 10 screens in Pune

Multiplex chain PVR on Friday launched 10screens in Pune taking its footprint in the city to 35 screens. It launched thescreens across two new properties - the sub-brand PVR ICON and PVR Cinemas. Theselaunches see PVR reach a screen count of 160 screens across 38 properties inMaharashtra. PVR ICON is the most opulent format by themultiple chain equipped with 4K projection system and next-generation 3Denabled screens with ultra HD picture quality and Dolby ATMOS surround-soundsystem in its auditoriums. It also focuses on delivering a rich cinemaexperience through its ambience, which includes sprawling lobby spaces,chandeliers, classic wall art, new leather recliners and extra leg room. Sanjeev Kumar Bijli, Joint ManagingDirector, PVR, said, "Our commitment towards the Pune market can be seenthrough our continuous endeavor to bring new and unique formats to the city.With the increasing demand of premium cinema experience in Western India, weare sincerely working towards expanding our .

PVR expands IMAX screen footprint

Its five-screen deal with IMAX amounts to an investment of Rs 55 cr

PVR to invest Rs 80-100 crore to upgrade technology

The company also expects to maintain double-digit growth in its media sales, which now stands at 12% of turnover

PVR revenue grows 6%, operating profit flat

PVR became the first multiplex chain in India to deliver 100 crores of gross box office collection

PVR Q3 net down 21% at Rs 23.89 crore

Consolidated net profit reported at Rs 30.15 crore

PVR to pump in Rs 250 cr, add 70 screens every year

PVR currently operates about 570 screens across 46 cities and the figure is expected to touch 600 by March 2017

Warburg Pincus buys 14% stake in PVR for Rs 820 cr

Warburg bought stake from affiliates of PE firm Multiples Alternate Asset Mgmt and PVR's founders

PVR, Hathway to fare better than print, TV peers

Multiplexes and cable firms will see less fallout from note ban, hence expected to do better

Warburg Pincus acquires nearly 14% stake in PVR for Rs 820 cr

PVR operates a cinema circuit comprising 562 screens in 122 properties in 48 cities pan India

PVR introduces UPI for transactions at its multiplexes

Move is part of PVR's attempt to promote digital transactions, is also fuelled by demonetisation

PVR to waive of convenience fee on online cinema ticket booking

The move comes a couple of days after the ban on Rs 500 and Rs 1000 notes as mandated by the government

PVR to raise Rs 250 cr via NCDs

This will result in borrowed money exceeding the aggregate of company's paid up share capital and free reserves

PVR denies stake sale to Wanda

PVR is currently the biggest multiplex chain in the country, with 553 screens across 131 properties in 48 cities across the country

PVR, Inox Leisure hit record high

PVR rallied 8% to Rs 1,280 after the media report suggests that China's Dalian Wanda Group eyes controlling stake.

PVR launches six-screen multiplex at Palava

Expands its presence in Mumbai Metropolitan Region with this launch, first multiplex in the region

PVR revenue up 17%

However, the revenue increased 17% to Rs 570 cr

PVR plans to raise up to Rs 250 crore via NCDs

Company, however, did not specify on what it intends to do with the money