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.