PVR, Inox Leisure rise up to 3% as govt allows 100% occupancy in cinema halls

PVR, Inox Leisure rise up to 3% as govt allows 100% occupancy in cinema halls

NEW DELHI: Shares of PVR and Inox Leisure climbed up to 3 per cent in Monday’s trade after the central government allowed cinema halls to be operated at 100 per cent capacity from February 1, except in containment zones, while adhering to health safety protocols.

At 9.30 am, shares of PVR were trading 3.15 per cent higher at Rs 1,462.50 on BSE. Inox Leisure shares were trading 2 per cent higher at Rs 327.10.

Union Information and Broadcasting Minister Prakash Javadekar made the announcement earlier on Sunday while releasing a fresh Standard Operating Procedure (SOP) on preventive measures to contain spread of Covid-19 for cinema halls and theatres.

As per the new SOPs, Javadekar, however, said that sanitisation and Covid protocols will have to be adhered to but people can buy food from the stalls inside the theatres, ANI reported.

The Minister added that the restrictions put in place due to Covid are on the verge of ending.

“Good news for cinema lovers. Today, issued the revised SOP for the film exhibition, 100% occupancy will be allowed in theatres from February 1, but all Ministry of Health and Family Welfare (MoHF) Covid-19 guidelines will have to be followed,” Javadekar said.

The SOP comes in the backdrop of the Ministry of Home Affairs’ January 27 order to permit the opening of cinema halls and theatres.

The SOP clarifies that all Covid-related safety measures must be adhered to inside the premises. The general guidelines specify that respiratory etiquette must be followed, including usage of face masks, adequate social distance of at least six feet outside auditoriums, common areas and waiting areas at all times, no spitting, and use of Aarogaya Setu app to be encouraged.

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