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.
PVR has come out with its third quarter numbers. In an interview to CNBC-TV18, Nitin Sood, CFO of PVR discussed the company's Q3 performance.
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 posted a good set of earnings in Q2 as EBITDA and profit after tax beat estimates. In an interview to CNBC-TV18, Nitin Sood, CFO of PVR spoke about the results and his outlook for the company.
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.
Owing to a strong pipeline of movies and screen additions, PVR should post healthy earnings for the remaining quarters of FY17, says Chairman and Managing Director Ajay Bijli.
Revenue growth during the first quarter has been aided by 6-7 percent growth in average ticket price to Rs 193, said PVR CFO Nitin Sood in an interview to CNBC-TV18.
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.
PVR will cross 600 screens in the coming year, apart from DT Cinema, says Nitin Sood CFO of the company.
In an interview to CNBC-TV18, Ajay Bijli, Chairman & Managing Director of PVR says that tax expenses like new bonus act and entertainment tax restricted growth in the quarter ended December 2015.
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.
â€œBig Hollywood films like Spectre, Star Wars, Ranbir Kapoor's Tamasha, Dilwale, Bajirao Mastani and Salman Khan's movie coming on Diwali--Prem Ratan Dhan Payoâ€”will be a temporary blip in the F&B income,â€ Ajay Bijli, CMD of PVR says.
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.
While, Indian Premier League (IPL) and examination season might drag the fourth quarter a bit but with blockbuster releases like Bajrangi Bhaijaan, Brothers, Bahubali, revured occupancy and other Sanjay Leela Bhansali and Shahrukh Khan films make second quarter look equally promising, says Ajay Bijli, Chairman and Managing Director, PVR.
In an interview to CNBC-TV18, CMD Ajay Bijli and CFO Nitin Sood spoke about the company‘s performance in the quarter ended December and the outlook going ahead.