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PVR-INOX Will Shut Down Around 50 Loss-Making Cinema Screens Over the Next 6 Months

PVR INOX plans to shut down around 50 loss-making screens, having an accelerated depreciation. These properties are loss-making, or housed in malls which have reached the end of their life cycle with little hope of any revival. The merged entity is operating 361 cinemas with 1,689 screens across 115 cities by the end of FY23 in India and Sri Lanka.

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