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PVR INOX (representative image)
PVR INOX currently operates the largest multiplex network with 1,757 screens across 362 properties across 113 cities.
Shares of PVR INOX surged over 6% on Monday, thanks to the good response to its latest multi-starrer film Kalki 2898 AD. The surge also came as the company announced the opening of a four-screen multiplex at Prism Mall in Hyderabad. With this launch, PVR INOX now operates the largest multiplex network with 1,757 screens across 362 properties across 113 cities (India and Sri Lanka).
According to a company press release, the theater will feature 4K laser projection, advanced Dolby ATMOS immersive surround sound, and a next-generation 3D system.
“PVR INOX Limited, India’s largest and best cinema exhibitor, announced the launch of a new 4-screen cinema in Hyderabad with 4K laser projection in all auditoriums. Located at Prism Mall, this state-of-the-art cinema promises an unparalleled cinema experience with a host of amenities for film buffs in Gachibowli. The new cinema will strengthen PVR INOX Limited’s footprint in Hyderabad with 97 screens spread across 17 premises and 11 screens in Telangana.
Featuring 950 seats, including recliners for entertainers, the new theater features best-in-class theater technology to deliver an immersive and enhanced movie experience.
“Gachivoli is a destination for comfort, connectivity and convenience, and we are excited to add a new entertainment landmark to the city of Charminar. PVR INOX Prism is the perfect destination to relax after work or enjoy a weekend outing with friends and family. With the opening of Gachivoli Multiplex, we want to create a space where movie lovers can come together, share experiences and create lasting memories through the magic of the silver screen,” said Ajay Bijli, Managing Dire.
Over the past year, PVR INOX shares have gained just over 8%, and over the past month, they have surged 13.5%.
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