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PVR, INOX shares tumble up to 13 pc after Maharashtra allows moviegoers to carry outside food

The scrip of PVR tumbled 13.10 per cent to close at Rs 1,214.20 on the BSE. Intra-day, it dived 13.75 per cent to Rs 1,205.


PTI 13 Jul 2018, 02:40 PM India
  • Multiplexes and malls in Maharashtra have been directed to allow people to bring eatables from outside, state minister Ravindra Chavan told the Legislative Council today. (Image Credit: Twitter)

Shares of PVR and INOX Leisure today slumped up to 13 per cent after Maharashtra government allowed outside food in multiplexes and malls.

The scrip of PVR tumbled 13.10 per cent to close at Rs 1,214.20 on the BSE. Intra-day, it dived 13.75 per cent to Rs 1,205.

Shares of INOX Leisure slumped 5.43 per cent to end at Rs 238.70. During the day, it plunged 14 per cent to Rs 217.

Multiplexes and malls in Maharashtra have been directed to allow people to bring eatables from outside, state minister Ravindra Chavan told the Legislative Council today.

On the high prices of food and beverages inside multiplexes and theatres, Chavan said a central government rule, set to be implemented from August 1 this year, will give relief to cinema patrons visiting such places.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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