Warburg Pincus, the single largest shareholder in Capital First speaks exclusively to CNBC-TV18 for the first time post the IDFC Bank merger announcement. Charles Kaye, Co-CEO and Vishal Mahadevia, Head-India of Warburg Pincus told Nisha Poddar that they have no plans to exit the merged bank.
In an interview with CNBC-TV18, Renuka Ramnath, Founder & CEO of Multiples Alternate AMC, one of the early investors into PVR, spoke about the latest happenings in the company and sector. Multiples sold some stake in PVR last year but they still hold 14 percent in the company.
In an interview with CNBC-TV18, Ajay Bijli, CMD of PVR spoke about the latest happenings in his company and sector. He was speaking from the side-lines of the Kotak Institutional Equities - Chasing Growth Conference.
The sequel of 2012's Ek Tha Tiger hits theatres today. Tiger Zinda Hai releases with some power-packed chases and action sequences and definitely the swag-filled songs! In an interview with CNBC-TV18, Kamal Gianchandani, CEO-PVR Pictures and Chief of Strategy, PVR Limited discussed more about it.
PVR received the award for exhibitor of the year by CineAsia. CNBC-TV18's Jude Sannith caught up with Ajay Bijli, CMD of PVR on the sidelines of these awards and asked him about their timeline on screen additions and their outlook for FY18.
PVR has launched PVR Privilege, a loyalty program to improve customer stickiness and drive up footfalls.
Motilal Oswal's 13th Annual Global Investor Conference kicks off today. Over 150+ leading corporates are attending it. In an interview to CNBC-TV18, Nitin Sood, CFO of PVR spoke about the latest happenings in his company and sector from the side-lines of the conference.
The goods and services tax (GST) rates on certain items including movie tickets costing up to Rs 100 have been lowered to 18 percent versus 28 percent proposed earlier. Tickets above Rs 100 will continue to attract 28 percent.
PVR Cinemas has signed a deal with IMAX for five additional screens. Installing these five additional IMAX screens will cost the company close to about Rs 10-10.5 crore per screen. So the total cost will be about Rs 50-55 crore, he told CNBC-TV18.
"Long-term focus is to build organically and expand our network beyond big cities to look at tier III and tier IV", Nitin Sood, CFO of PVR told CNBC-TV18.
Rohit Dokania, Ananlyst â€“ Media & Entertainment of IDFC Securities says that the third quarter may not be great for multiplexes due to demonetisation.
The multiplex leader is looking to add EBITDA of Rs 40-50 crore post DT Cinemas' acquisition, say PVR promotors Ajaj and Sanjeev Bijli.
Speaking to CNBC-TV18, Saurabh Chawla, Senior ED Finance at DLF said this is a year- old transaction which DLF sees as a step forward to create a pure play real estate entity.
DLF Group CEO Ashok Tyagi says the company still has a substantial unsold inventory and the market is still weak for existing and new launches.
On the matter of search engine Google's alleged anti-competitive practices, Ashok Chawla, Chairman, Competition Commission of India (CCI) said that it will take quite â€œsome timeâ€ before there is any finality on the matter.
With Hollywood‘s two big movies-- Spectre and Star Wars-- releasing with those of Salman Khan, Shahruk Khan, Ranbir Kapoor and Shahid Kapoor‘s, the year looks promising, says Nitin Sood, CFO of PVR.
Kamal Gianchandani, President PVR Pictures thinks the movie 'PK' is likely to stay in the cinemas for around four weeks uninterrupted because there are no other major releases over the next 3-4 weeks.
In an interview to CNBC-TV18, Kamal Gianchandani, President of PVR Pictures spoke about sales exceeding company‘s expectations backed by pre-festivities and Diwali cheer.
Pramod Arora, group president, PVR says if the movie runs for around three weeks in multiplexes and cinemas, the company may add Rs 40-50 crore to its kitty.
PVR business this season has been on upswing as it has not been affected by Indian Premiere League compared to previous years, says Pramod Arora, President & CEO of the company in an interview to CNBC-TV18. However, Arora expects a rise in the average ticket prices in the near term in-line with the inflation anticipated at 7-8 percent.
Multiplex chain operator PVR on Tuesday said it has completed acquisition of a controlling stake in Cinemax India for Rs 395 crore. In an interview to CNBC-TV18, Ajay Bijli, CMD of PVR talked about the operational synergies. He said that as the final acquisition has happened, we are looking at getting lots of operational efficiencies.
Nitin Sood, chief financial officer, PVR told CNBC-TV18 that the combined leverage of both PVR and Cinemax would be around Rs 600 crore once the entire transaction is over.
Pramod Arora, Group President & CEO, PVR, says that L Capital is a strategic investor or private equity investor but they will bring also bring lot of value along.
PVR Pictures has finally got the nod to demerge the production business. Speaking to CNBC-TV18, Nitin Sood, chief financial officer of PVR says that post the demerger, PVR, the main entity shall handle the production business entirely. PVR Pictures will turn into a wholly-owned company that will focus only on the distribution business, he says.
The much awaited Don 2 released today and PVR expects 80% occupancy rates for the movie in the first week. Pramod Arora, president and chief executive officer, PVR in an interview to CNBC-TV18 said,"We haven’t hiked the ticket prices, but for the weekend it seems like we are doing 100% occupancy,"