» Pyramid Saimira shuts down its Northern Operations!
Pyramid Saimira shuts down its Northern Operations!
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Saimira (PSTL), one of the country's biggest theater chain groups
has decided to shut its operations in the Northern and Western
regions of India, following the result of a big back slide in
According to a PSTL release, the margin in the industry is not
so impressive and comparatively the income is very lower than the
input by the company. Pyramid Saimira has already closed down 33
screens in western and northern India.
But the corporate giant's operations in China, Malaysia, US and
Singapore is not affected by this decision.
At present PSTL is running nearly 700 plus screens in Tamil Nadu
and 250 theaters in Kerala.