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Plenty Private Equity fund through its affiliate has sold 2.1% stake in leading multiplex chain PVR Inox through a bulk deal. In a separate deal, Multiples Private Equity fund has sold 1.99 lakh shares at Rs 1,753 in the company. ....
Shares of PVR Inox have rallied about 30 per cent from its close at Rs 1,373 on August 30, 2023. The stock extended its gains to Rs 1,753.50 on Friday. ....
PVR INOX Q1 results: PVR INOX said that Q1 FY24 saw the release of the highest number of Hollywood movies post-pandemic, which, combined with a robust performance at the Box Office, led to an impressive growth of 70 per cent in quarter-on-quarter box office collections for Hollywood films. ....
The GST Council s reduction of the GST rate on food and beverages from 18% to 5% is seen as a positive development for cinema chains PVR Inox. The change provides tax certainty and removes the impact of the GST dispute, while the release of several films is expected to boost footfall. ....
PVR-Inox: Content pipeline for near-term is healthy with movies like Gadar-2, Oh My God-2, Jawan, Dream Girl-2, MI-Dead Reckoning and Oppenheimer in pipeline.