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PVR gets licence for 6-screen Mumbai multiplex
Our Bureau
New Delhi
,
June 7
PVR Cinemas on Wednesday announced the acquisition of operating licence to strengthen its presence in Mumbai.
The licence enables PVR to open its latest property `PVR Mulund' in Mumbai, taking its screen count to 68 nationwide, the largest in the country.
The multiplex, in accordance with the Entertainment Tax policy applicable in Maharashtra, would be eligible for 100 per cent entertainment tax exemption for a period of five years, a company release said.
`PVR Mulund', the largest multiplex in Mumbai with 6 screens and 1,815 seats will be PVR's second property in Mumbai.
It is part of the company's expansion plan to strengthen its presence in Mumbai with two more multiplexes further slated to open in the city.
Furthermore, the company aims to have 250 cinema screens nationwide, in a few years.
Commenting on the move, Mr Ajay Bijli, Chairman and Managing Director, PVR Cinemas, said, "With leadership position in the Northern and Southern markets of the country, PVR aims to tap on the existing and the emerging potential of the western region."
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