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.