PVR INOX to close 70 non-performing screens in FY25, plans monetisation of real estate assets
PVR INOX to close 70 non-performing screens in FY25, plans monetisation of real estate assets
NEW DELHI: Leading multiplex operator PVR INOX plans to close 70 non-performing screens in FY25 and will go for potential monetisation of non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara, according to its latest annual report.
Though the company will add 120 new screens in FY25, it will also close almost 60–70 non-performing screens, as it chases for profitable growth.
About 40 per cent of new screens addition will come from South India, where it will have a "strategic focus" on this lesser penetrated region as per its medium to long-term strategy.
