Rs 850 crore CAPEX planned by PVR-Inox
The merged entity of PVR and Inox Leisure has announced a CAPEX of Rs 800-850 crore for adding new movie screens and retrofitting the existing ones. Out of this Rs 700 crore of this will go into new screen expansion and the rest for retrofitting screens. PVR-Inox's growth plan involves expanding the screen count in South India, tier-2 & tier 3 cities and increasing its share in the premium format segment.
The merged company will focus on integrating human resources, technology and operations, and once the integrations are complete, it will focus on unlocking cost and revenue synergies.
Also Read: Rs 150 Crore Investment Planned By PVR To Add More Screens