Devyani International and PVR INOX form a 51:49 joint venture for food courts in Indian shopping malls.
Devyani International Limited (DIL) and PVR INOX, India's largest cinema exhibitor, have formed a joint venture (JV) to develop and operate food courts in shopping malls across India. The companies will invest in the equity share capital of the proposed company in a 51:49 ratio, respectively. This partnership aims to expand the food court business in India and allows PVR INOX to shift its focus from post-ticketed F&B revenue to pre-ticketed F&B revenue.
May 14, 2024
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