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Pyramid Saimira to invest Rs3 bn in group firms

Pyramid Saimira to invest Rs3 bn in group firms
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First Published: Wed, Feb 20 2008. 10 11 AM IST
Updated: Wed, Feb 20 2008. 10 11 AM IST
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Mumbai: Multiplex operator Pyramid Saimira Theatre Ltd said on Wednesday it planned to invest up to Rs3 billion in its group firms.
The board, which met on Tuesday, also considered a proposal by Pyramid Saimira Entertainment Ltd., Singapore, to acquire a majority stake in Pyramid Saimira Production International Ltd., it said in a statement.
This stake acquisition would result in better consolidation of distribution and production and improve valuation and financial leveraging capacity of the Pyramid Saimira group, it added.
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First Published: Wed, Feb 20 2008. 10 11 AM IST