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Pyramid Saimira plans 105 multiplexes

Tuesday, 08 May 2007
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Pyramid Saimira Theatre is planning an investment of Rs.5,000 crore for constructing multiplexes across South India.

The company has proposed to construct about 105 multiplexes in the next two years. It intends to have 25 multiplexes in Andhra Pradesh for which theatre and land identification processes are on and in Tamil Nadu it has identified 27 locations till date.

The company is looking at a FCCB route for $120 million in Singapore for mopping up funds for the proposed expansion apart from the debt route.

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