Pyramid Saimira to set up 100 malls in 3 yrs

Saturday, March 17, 2007, 15:15 [IST]

New Delhi, Mar 12 (UNI) Pyramid Saimira Theatre Ltd today said it will set up 100 malls-cum-multiplexes with realty firm Shriram Mall Infrastructure Pvt Ltd in south India.

The company will form a Special Purpose Vehicle (SPV) under the agreement, of which Shriram Mall Infrastructure will hold 70 per cent of the equity.

The strategy will involve acquiring old theatres and converting them into modern multiplexes and retail spaces.

The total area of the proposed project will be about 20 million sq ft and the construction will be in the next 36 months, a statement said.

UNI

Topics: MEDIA-PYRAMID-MALLS

Other articles published on March 17, 2007

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Mumbai, Mar 16 (UNI) The 9th International MAMI festival drew to a close with the felicitation of filmmakers Govind Nihalani and Aparna Sen. Aparna Sen, who has made films like ''36 Chowrangee Lane'', ''Mr and Mrs Iyer'' and ''15 Park Avenue'', was conferred with the 'Significant contribution to Indian cinema' award at the closing ceremony last evening. While receiving the award, Ms Sen said ''I accept this award with humility and a heavy heart at what is happening in Orissa, Gujarat.....

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Saturday, March 17, 2007,15:15 [IST]

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Films with cricket backdrop hit screens as cup fever sweeps India

Saturday, March 17, 2007,15:15 [IST]

New Delhi, Mar 16 (UNI) As another edition of the "king of all cricket tournaments" gets underway in the Carribean islands, cricket fever seems to have gripped the whole of India with activities in all spheres taking a backseat to discussions on sport. So much so that even Bollywood, one of the two greatest passions of the Indians along with cricket, finds itself "piggy-backing" on cricket to remain ensconsed in public consciousness during the months of March and April. The nearly.....

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Saturday, March 17, 2007,15:15 [IST]

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Rajnesh's sensitive film wins Gollapudi memorial award

Saturday, March 17, 2007,15:15 [IST]

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