PVR Inox shares gain on launching megaplex in Bengaluru

12 Apr 2024 , 11:34 AM

Following the opening of the company’s largest theatre in Bengaluru on April 12, shares of PVR Inox saw gains in early trading.

PVR INOX was quoting ₹1,397.05, down 1.02%, or ₹13.35, on the BSE at 10:42 a.m.

“The company on April 11 announced the launch of Bengaluru’s largest cinema at Phoenix Mall of Asia and its largest cinema in South,” according to a press statement.

Three premium formats are available at the 14-screen megaplex, which is housed in one of Bengaluru’s most upscale and largest malls: MX4D, ScreenX, and Insignia.

Additionally, the business launches ScreenX, a 270-degree cinema watching experience in South India, and the first MX4D, an immersive 4D movie experience.

The new theatre will strengthen the company’s presence in Karnataka with 219 screens in 37 theatres and Bengaluru with 172 screens in 26 theatres. The company expanded its footprint in South India to encompass 100 venues and 572 screens.

With this opening, the firm currently runs the biggest multiplex network, including 361 properties and 1,741 screens in 113 locations (Sri Lanka and India).

The business launched a nine-screen multiplex at Forum Mall in Kochi, Kerala, on April 10.

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