PVR trades higher on opening 5-screen multiplex at Aerohub in Chennai
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PVR is currently trading at Rs. 1681.80, up by 24.05 points or 1.45% from its previous closing of Rs. 1657.75 on the BSE.
The scrip opened at Rs. 1661.05 and has touched a high and low of Rs. 1684.75 and Rs. 1650.60 respectively. So far 2325 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2211.55 on 04-Aug-2022 and a 52 week low of Rs. 1484.40 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1755.85 and Rs. 1632.00 respectively. The current market cap of the company is Rs. 10319.11 crore.
The promoters holding in the company stood at 16.94%, while Institutions and Non-Institutions held 67.00% and 16.06% respectively.
PVR Cinemas has launched its 5-screen property at PVR Aerohub in Chennai, Tamil Nadu, the first multiplex in the country to be housed within an airport complex. Playing a key role in the new age transit oriented development project at Chennai Airport, the cinema will serve the entertainment needs for arriving and departing passengers besides benefiting residents in the neighborhood.
With this launch, PVR Cinemas will have 12 properties in Chennai with 77 screens while consolidating its foothold in Tamil Nadu with 88 screens in 14 properties. Its screen count in South India will grow to 328 in 53 properties.
The Cinema has a seating capacity of 1155 audiences and is equipped with cutting-edge cinematic technologies including 2K RGB+ Laser projectors, REAL D 3D digital stereoscopic projection for crystal clear, razor sharp, ultra-bright pictures and advanced Dolby Atmos high definition immersive audio.
PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.
