The board of PVR, the largest multiplex operator of the country, has approved fund raising of up to Rs 800 crore through the issue of equity (or other instruments)
IKEA's flagship store in Mumbai, which is the size of 10 football fields, will be launched in Navi Mumbai on December 18. The Swedish furniture retailer also plans to have two city-centre stores in Mumbai in 2021.
The future and the financials of the multiplex operator Inox Leisure hinge on one moot question — Will audiences return?
Indian mall space retail continues to witness interest from private equity players
Demonetisation had small impact on footfalls for two weeks, says Arun K Chittilappilly, MD of Wonderla Holidays.
Though the company saw a decline in its footfalls, realizations per user was up 21 percent, says Kapil Bagla, CEO of Adlabs Entertainment.
Analysts polled by CNBC-TV18 estimate that footfall growth may go higher by 23.5 percent at 15.05 million compared to 12.2 million (YoY). Footfall growth is likely to be aided by new screens. The company has added 25 Screens this quarter.
Hyderabad business is doing very well and and the company will meet its target of 7 lakh footfalls in FY17, says Arun K Chittilappilly, MD of Wonderla Holidays.
Kapil Bagla, CEO of Adlabs Entertainment says its Novotal project—theme park, along with the hotel is doing better than expected and has seen 74 percent occupancy in first two months.
The company's footfalls grew 7.5 percent on year-on-year, Chittilappilly said adding that the company maintains its 3-4 percent footfall growth for the year.
Arun Chittilappilly, MD, Wonderla Holidays, discusses company's performance for the fourth quarter and future outlook.
The company is generating healthy revenues this holiday season, company MD Arun K Chittilappilly says adding that demand for New Year this year is higher than it was going into 2014.
Ajay Bijli, chairman and managing director, PVR says the company is in sync with the right locations and hence has very good lease rentals.