INSUBCONTINENT EXCLUSIVE:
PVR Ltd rallied more than 5 per cent on Friday as the multiplex chain operator renewed its non-exclusive arrangements with Paytm and
Bookmyshow for booking and selling cinema ticketing inventory for 3 years.
The renewal came through web and app-based platforms, it told
stock exchanges.
The scrip was 6.26 per cent up at Rs 1,173.40 at around 9.25 am
The BSE Sensex rose 230 points, or 0.62 per cent, to 37,396.15.
"We would like to inform that under these arrangements, PVR is entitled to
ticketing inventory on their online ticketing platforms, subject to other terms and conditions of the agreements
brokerage house said.
IDBI Capital Markets added that the FB (food and beverages) issue is being tracked
"We continue to believe that in case of a court process is followed, PVR and other multiplex players are on a strong footing
