Wednesday 22 June 2016

PVR Hopes to add Rs 200 crore Revenues from DT Cinemas Cuy

PVR management is relieved that Competition Commission of India (CCI) has given its nod to the company's acquisition of DT Cinemas as similar ethos and qualities of the two companies will provide great synergy going forward, said Sanjeev Kumar Bijli, Joint MD of the multiplex company.

Speaking to , company CMD Ajay Bijli said the DT acquisition will further boost PVR's revenues by Rs 200 crore and will add 60-70 new screens this year. 

With this deal, the company will add an EBITDA of Rs 40-50 crore, said Bijli brothers in unison. While almost 80 percent of the company's portfolio is under matured properties, some properties opened last year will mature and strengthen books going ahead, Ajay said.


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