Friday, January 25, 2008

Pyramid Saimira to raise over Rs 3K cr

The group currently runs 48 multiplexes with 800 screens across India, Malaysia, Singapaore and North America and plans to take this number to 175 with 2,000 screens in India alone by 2010. For instance, in Andhra Pradesh alone it is close to striking a deal to add 100 screens to the existing 110. While all these will be on a minimum lease period of five years, Pyramid will own at least one theatre in each district of the state, company officials said.  The new owned properties will be acquired through real-estate company — Pyramid Realty Ltd.

source

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