PVR has ent
ered into an agreement for the sale of its Anupam Multiplex property for a total consideration of Rs 52 crores. The company has simultaneously along with the sale also entered into a long term lease agreement with the buyer of the Multiplex property to continue to operate the multiplex property. PVR Anupam is India’s first multiplex with 4 screens which opened to public in 1997 and is located at a prime location in Saket, New Delhi. The sale and lease back of the said property is in line with company’s strategy to maintain an asset light business model.
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