Analysts point out that only a few big-budget films worked at the box office during the quarter compared with the previous quarter which had successful films released in Hindi, English and regional languages. Poor performance of mid-and-small budget films fourteen such films were released in the December quarter added to the woes of multiplexes.
The media reports around the Prabhas-led commercial actioner's release noted that the multiplex chains are prefering to release Shah Rukh Khan's Dunki over Salaar.
Five insurers namely ICICI Prudential Life, SBI Life, HDFC Life, Tata AIA Life and Kotak Life owned Rs 1,991 crore worth of IHCL shares, which is seen as key beneficiary of rising demand and pick up in average room rentals.