Driving multiplex administrators Inox Leisure and PVR, which had reported their consolidation last month, have a joined pipeline of 2,000 screens and expect to twofold this size in next seven years, involving a speculation of Rs 4,000 crore.
The blended element would contribute capex of Rs 2.5 crore per screen as a component of their development, said Inox Leisure Director Siddharth Jain in a Business Update Conference Call with the financial backers in the wake of declaring the consolidation.
On March 27, PVR and INOX Leisure declared a consolidation arrangement to make the biggest multiplex chain in the country with an organization of in excess of 1,500 screens to open the open doors in level III, IV and V urban areas other than the created markets.
The consolidated substance will be named PVR INOX Ltd with the marking of existing screens to go on as PVR and INOX, individually. New films opened post the consolidation will be marked as PVR INOX, the organizations had said on March 27.
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