InvestorQ : How many screens is the merged entity of PVR and Inox targeting?
Mitali Bhutta made post

How many screens is the merged entity of PVR and Inox targeting?

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1 month ago
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PVR and Inox Leisure, which had announced their merger last month, already have a combined pipeline of 2,000 screens across India. However, there is an aggressive plan to expand the number of screens to 4,000 screens over the next 7 years. This will require an overall investment of Rs.4,000 crore or approximately Rs.2.50 crore per screen.

The joint entity currently has over 1,500 screens across India with another 500 screens in the works. All new screens set up post the merger will carry the joint tag of PVR Inox. However, the existing screens since before the merger will retain their individual identity as PVR or Inox. The deal will help in faster recovery post the COVID pandemic.

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