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PVR INOX reopens iconic Sangam Cinema in Mumbai

Posted On : 2024-02-27 13:48:24( TIMEZONE : IST )

PVR INOX reopens iconic Sangam Cinema in Mumbai

PVR INOX, the largest and the most premium cinema exhibitor in India has announced the reopening of the iconic Sangam cinema at Andheri East in Mumbai today. The newly renovated Sangam now a state-of-the-art 4-screen multiplex serves as a clear testament to PVR INOX commitment to reshape cinemas into preferred out-of-home entertainment destinations in the country. The new multiplex augments PVR INOX presence in Mumbai with 25 properties and 123 screens.

With this launch, PVR INOX consolidates its foothold in Maharashtra with 257 screens in 54 properties and 350 screens across 79 properties in West.

Strategically located at Chakala, JB Nagar neighborhood of Andheri East, the new multiplex has a seating capacity of 1121 guests with last row celebrity recliners. The cinema is equipped with the best-in-class theatrical solutions including 2K projection, advanced Dolby 7.1 audio and Next-Gen 3D technology for an immersive experience.

Commenting on the launch, Mr. Ajay Bijli, Managing Director, PVR INOX Limited said, "We take immense pride in extending our presence in Mumbai through the reopening of Sangam Cinema, a cherished neighborhood cinema with a rich history. We are delighted to contribute to the metamorphosis of this iconic theater into a contemporary, immersive cinematic experience, aligning with the expectations of today's discerning audience. We are committed to ensure our brand is both aspirational and accessible to a wider audience and we look forward to providing an enriched cinematic journey for patrons at the revamped Sangam Cinema.

The visually stunning foyer of the multiplex is designed aesthetically with multiple framed custom artworks celebrating legendary actors and actresses with chandeliers adding to the opulence and grandeur. All auditoriums follow a different colour theme ranging from red, golden, purple and teal matching with seating and carpet. There are extensive F&B facilities at the concession and kiosk displaying a wide variety of menu options.

"Situated in the thriving neighborhood of Andheri East, Sangam holds a prime location that has appealed to cinema-goers within the well-developed residential and commercial surroundings over the years. Now, under the PVR INOX brand, Sangam aspires to redefine the cinema landscape setting the stage by offering a world-class movie-viewing experience to cinema lovers. With a fusion of unparalleled hospitality and state-of-the-art theatrical technology, the renewed Sangam marks a significant milestone in the evolution of this beloved cinema destination", said Mr. Sanjeev Kumar Bijli, Executive Director, PVR INOX Limited.

Shares of PVR INOX Limited was last trading in BSE at Rs. 1406.05 as compared to the previous close of Rs. 1389.80. The total number of shares traded during the day was 30577 in over 2844 trades.

The stock hit an intraday high of Rs. 1413.10 and intraday low of 1385.30. The net turnover during the day was Rs. 43011129.00.

Source : Equity Bulls


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