Hindi
PVR acquires minority stake in US luxury theatre chain
MUMBAI: PVR Ltd (PVR) will acquire a minority stake in US-based luxury restaurant and theatre iPic-Gold Class Entertainment (iPic).
Upon completion of its initial public offering (IPO), iPic will appoint PVR chairman and managing director Ajay Bijli to the board of directors.
iPic owns and operates 16 luxury theaters with 121 screens across 10 States in the US.
The company informed the Bombay Stock Exchange (BSE) that the board of directors has approved the proposed investment and the strategic partnership between PVR and iPic, which will give PVR valuable exposure in the American cinema exhibition market.
The completion of the proposed investment is subject to receipt of relevant corporate and regulatory approvals.
iPic had previously announced its intention to file a Regulation A+ IPO that would allow all of its loyal fans and theater goers, along with everyone else, the opportunity to invest in its luxury restaurant-and-theatre concept.
Serving 75 million patrons annually, PVR acquired Cinemax in 2012 and had taken over DT Cinemas in the year 2016. Currently, the theatre chain operates a cinema circuit of 600 screens at 131 properties in 51 cities (18 states and 1 Union Territory).
Hindi
Rashmika Mandanna, Shanaya Kapoor and Naila Grrewal climb IMDb’s Indian celebrity rankings
Upcoming films and returning shows are driving fan interest across Bollywood and streaming
MUMBAI: Bollywood’s popularity contest has a new weekly scorecard, and the numbers are telling. IMDb’s Popular Indian Celebrities list for this week places Shanaya Kapoor at number six, buoyed by buzz around her film Tu Yaa Main. Naila Grrewal slots in at seven on the back of the returning comedy series Maamla Legal Hai, while Rashmika Mandanna climbs to eighth, riding mounting anticipation for Cocktail 2.
The list, available exclusively on the IMDb app for Android and iOS, tracks trending Indian entertainers and filmmakers each week, drawing on data from more than 200m monthly visits to the platform worldwide.
Further down the rankings, Raaka is keeping two of its biggest names in the spotlight. Deepika Padukone holds 11th position, with Allu Arjun close behind at 13th, as the film continues to find traction with audiences.
The list offers fans a weekly pulse on who is breaking through, who is holding steady, and who is fading. It is a barometer as unsparing as the box office itself.
