NEW DELHI, Aug. 23 -- Shares of multiplex operators PVR Ltd and Inox Leisure Ltd are now down about 1.6% and 3.2%, respectively, after Reliance Industries Ltd's (RIL's) annual general meeting. The stocks had fallen much more last week, after the oil-to-telecom conglomerate's bundled entertainment offering including a disruptive concept for watching new movies at home on the same day they are released in theatres.
Why are investors breathing easy? To start with, since RIL hasn't given many details about its plans, the exact impact is difficult to quantify at the moment. "We do not expect any material impact on overall revenues of PVR as such a segment which subscribes to 'premium Jio Fiber' would be relatively small," analysts from Bank of ...