PVR launches two new multiplex in Punjab and Delhi

PVR Ltd has announce the opening its two new multiplex on August 10, 2007. The company has launched a Four Screen Multiplex with 1068 seats at Flamez Mall, Ludhiana, Punjab and Three Screen multiplex with 818 seats at Fun City Mall, Prashant Vihar, Rohini, New Delhi.

PVR Flamez is the first multiplex in the state of Punjab and is eligible for exemption from payment of Entertainment Tax in accordance with the prevellent Entertainment Tax Policy of Government of Punjab.

With the opening of these multiplex the total number of screens in operation would go upto 89 at 23 locations across 14 cities in 9 States.

The stock was trading at Rs.211.20, up by Rs.1.80 or 0.86%. The stock hit an intraday high of Rs.215 and low of Rs.210.10. The total traded quantity was 4474 compared to 2 week average of 42709.

Source : Equity Bulls

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