PVR today has opened its first overseas 9 screens multiplex at Galle Face Mall in Colombo, Sri Lanka. PVR in collaboration with Shangri La Group introduces Colombo's biggest entertainment destination with the launch of the new 9-screen property. PVR Lanka hosts premium formats like PVR LUXE, a luxury cinema format and PVR PlayHouse, a dedicated auditorium for the young ones and their family.
Mr. Ajay Bijli, Chairman and Managing Director, PVR Ltd. said, "Entering Sri Lanka was part of our business strategy for FY 19-20 and I am happy we have been able to make it happen. The socio-cultural similarity between the two nations makes the scope for business growth opulently clear. The vision has been to introduce new concepts and make regional content more accessible for the audience in Sri Lanka. The Indian film industry has grown exponentially in last few years and has a global fan base that we aim to cater to through innovation and expansion."
The property spreads across two levels with an area of 38,454 sq. ft. and a seating accommodation of 1,176 audiences. The property is integrated with modern technological solutions for superior cinematic experience and digital solutions for an enhanced customer experience.
With this launch, PVR now operates the largest multiplex network with of 809 screens at 171 properties in 70 cities (India and Sri Lanka).
Shares of PVR LTD. was last trading in BSE at Rs.1756 as compared to the previous close of Rs. 1753.8. The total number of shares traded during the day was 2428 in over 156 trades.
The stock hit an intraday high of Rs. 1766.7 and intraday low of 1749.6. The net turnover during the day was Rs. 4271370.