PVR Ltd., the leaders in Indian film exhibition industry announced the launch of its 6-screen property in Forum Centre City Mall, Mysuru today. Strategically located in the biggest mall in the city with a posh neighborhood, the new property features advanced cinematic technological solutions to offer a holistic movie-going experience to the patrons in the region. Designed to deliver a hygienic, safe and wholesome cinematic experience, the new multiplex also brings in new-age technologies in a modern aesthetic avatar. PVR Cinemas with this launch, strengthens its presence in Karnataka with 109 screens in 16 properties and 292 screens across 47 properties in South.
Located in the heart of India's Silk city, the new PVR Cinemas spreads across an area of 32,240 sq feet and can accommodate a total of 1078 audiences. Equipped with exemplary technological solutions, PVR Forum Centre City Mall is set to offer the best and the latest in-cinema experience with next gen 3D viewing and 4K projection system in all auditoriums. Additionally, the property is integrated with modern in- cinema features like Dolby ATMOS sound, plush Recliner Seats and a scrumptious menu.
Speaking on the occasion, Mr. Sanjeev Kumar Bijli, Joint Managing Director, PVR Ltd, said," South is an important market for us and occupies the major share of screens, and expanding in the region holds a lot of significance for us due to the immense passion for movies among audiences. In line with the company's expansion plans, we are pleased to introduce the biggest multiplex in Mysuru and provide best in class entertainment and enhanced experiences to our audiences. We have been consistent in strengthening our presence across the country and we look forward to welcoming our patrons in the region with good content and new experiences."
"We are constantly upgrading our offerings with evolving customer preferences, and the new 6-screen property ensures a remarkable experience to our viewers with advanced technological features and best in segment hospitality services and gourmet food. Ensuring the safety and security of our customers and employees is our highest aim, and we have taken all precautionary measures to guarantee it. With this launch, we now stand at a total of 16 properties in Karnataka as we continue to consolidate our foothold in this geographic location." said Mr. Gautam Dutta, CEO, PVR Ltd.
With this opening, PVR strengthens its growth momentum in FY 2020-2021 with 844 screens at 177 properties in 71 cities (India and Sri Lanka).
Shares of PVR LTD. was last trading in BSE at Rs.1470.4 as compared to the previous close of Rs. 1418.95. The total number of shares traded during the day was 194914 in over 11465 trades.
The stock hit an intraday high of Rs. 1500 and intraday low of 1390.25. The net turnover during the day was Rs. 286050268.