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PVR to invest 50 Cr in gaming
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Entertainment companyPVR has lined up Rs 50 crore for setting up sixbowling alleys under the brand Blu O in this fiscal.
PVR had entered into a venture with Thailand's Major Cineplex in 2008 for the gaming centre business. It currently operates one such gaming centre with 24 bowling lanes in Gurgaon. The other proposed centres will come up at Delhi, Bangalore and Pune. The company also plan
to spend Rs 100 crore for opening 60 new screens under its multiplex business.
Of these 10-12 screens will come up in tier II and III cities like Nanded, Ujjain, Bhillai and Bilaspur under its no-frills cinema brand PVR Talkies.
The company aims to grow at 22% this year to clock a turnover of over Rs 560 crore. It has a total of 146 screens in 33 multiplexes across 19 cities in the country. Based on article published in ET.
PVR had entered into a venture with Thailand's Major Cineplex in 2008 for the gaming centre business. It currently operates one such gaming centre with 24 bowling lanes in Gurgaon. The other proposed centres will come up at Delhi, Bangalore and Pune. The company also plan
to spend Rs 100 crore for opening 60 new screens under its multiplex business.
Of these 10-12 screens will come up in tier II and III cities like Nanded, Ujjain, Bhillai and Bilaspur under its no-frills cinema brand PVR Talkies.
The company aims to grow at 22% this year to clock a turnover of over Rs 560 crore. It has a total of 146 screens in 33 multiplexes across 19 cities in the country. Based on article published in ET.
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