 "Inox Wind secures Rs 2,200 crore financing from an ICICI Bank-led consortium, marking a pivotal milestone in its financial independence.")
Inox Wind has successfully secured a financial agreement with a consortium of banks led by ICICI Bank, covering a credit facility of Rs 2,200 crore. This agreement may increase to Rs 2,400 crore based on an assessment of working capital by ICICI Bank. The financing, primarily non-fund based through bank guarantees and letters of credit, ...
 "PVR INOX Restructures: Closing Non-Performing Screens for Strategic Growth!")
PVR INOX, a leading multiplex operator, is strategically aiming for profitable growth by closing 60 to 70 underperforming screens in FY25 while opening 120 new ones. The company plans to focus on expanding in South India, which presents a significant opportunity due to fewer multiplexes in the region. To optimize costs, PVR INOX is shifting ...
Today’s Current Affairs brings a spotlight on PVR Inox, as they recently unveiled their audited financial results for the quarter and the 12-month period ending March 31, 2024. Despite facing challenges like the ongoing general election and a weaker box-office quarter, PVR Inox showed resilience with a 7% growth in admissions and strategic cost-saving measures. ...
