Film exhibitor PVR has put its multiplex at Phoenix Mill mall in central Mumbai on the block with a price tag of 80-100 crore, says a senior executive.
“We plan to sell the property and take it back on lease,” said PVR CFO Nitin Sood. “We aim to close the transaction by this financial year.” PVR Phoenix, the multiplex, has a sprawling 65,000 square feet of area. It is the only property that the theatre chain owns. PVR, India’s third-largest multiplex operator, runs 136 screens in 32 properties.
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