Indian cinema chains slide after fresh COVID-19 curbs

Cineline India

05/04/2021 07:45

** Shares of Indian cinema chains PVR Ltd  PVRL.NS , INOX
Leisure  INOL.NS  fall as much as 7.7% and 6.1%, respectively
    ** In a series of fresh COVID-19 restrictions to limit the
rise in infections, India's richest state, Maharashtra will shut
cinemas from Monday evening  urn:newsml:reuters.com:*:nL1N2LX06R
    ** Maharashtra, home to Mumbai and Bollywood, has
contributed to 57% of total COVID-19 cases and 47% of deaths in
India over the past 2 weeks
    ** Shares of smaller cinema operator Cineline are down 4.2%,
cinema distributor UFO Moviez India Ltd  UFOM.NS  falls 4.3%
    ** Including session's losses, INOX shares are down 7.5%
this year, while PVR shares are down 13.9% YTD

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))