After India deals, PVR sets eyes on foreign markets like Saudi, Sri Lanka

According to PVR's CFO Nitin Sood, PVR is targeting the markets which are just opening up, like Saudi Arabia

PVR Ltd., India’s largest movie exhibitor, is seeking growth opportunities overseas after sealing a deal to acquire a local cinema chain.

The company’s “big focus” is to look at Saudi Arabia, while it’s also planning projects in Dubai, Chief Financial Officer Nitin Sood said in a telephone interview. PVR also expects to open a nine-screen multiplex in Sri Lanka’s capital Colombo at the beginning of the next financial year, he said.

The cinema chain operator, which counts private equity firm Warburg Pincus among its investors, is exploring setting up theaters abroad as it sees few opportunities for acquisitions in India