Pentasoft Technologies is planning to invest Rs 1 billion for setting up multiplexes in II and III tier cities of the country in the next two years, reports Economic Times.
The company has short listed Coimbatore, Hyderabad, Bhubaneswar and Mysore for the projects, which will have resorts, theme parks, children games and go carting.
The company will infuse Rs 220 million in Coimbatore to develop a multiplex in 5-6 acres of land, which will include a golf course park.
Further unveiling its future plans, the company said that, they are planning a sports theme park complex at Madurai in Tamil Nadu.
The company`s chalked-out plans to start a Multi Media Academy in the Chennai campus in a area of 100,000 sq.ft, with an investment of Rs 60 million. The academy is scheduled to start in the next 15 months.
Shares of the company remained unchanged at Rs 1.42, at the BSE. The total volume of shares traded was 423,548
Filed under: Coimbatore |