PVR INOX Limited has informed the Exchange about Opening of 8-screen multiplex at Mahindra Millennium Mall in Bangalore, Karnataka
PVRINOX · price
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PVR INOX has opened a new 8-screen, 1,222-seat multiplex at the Mahindra Millennium Mall in Bengaluru. The property is fully owned and built by PVR INOX under its 'Capex by PVR INOX' model, and features premium offerings including India's first dine-in auditorium restaurant, 4K laser projection, Dolby ATMOS, VR/AR gaming zones, and Club Sapphire premium format. With this addition, PVR INOX's total network now stands at 1,763 screens across 355 properties in 111 cities in India and Sri Lanka. The launch strengthens the company's presence in South India and aligns with its strategy of building destination cinemas in high-growth urban centres.
Positive long-term growth signal — the company is investing its own capital in expanding its premium screen network, which supports future revenue. However, this is a routine organic expansion and is unlikely to cause a sharp short-term move in the stock price.