Pyramid Saimira Theatre Ltd.,announces tie-up with M/s Infinity Film Completion Services, a division of Infinity India Advisors Pvt. Ltd., Mumbai” has entered into a MOU which interalia covers the following:

1.Infinity issues the Completion Guarantee for films to be procured by PSTL in the languages of Tamil, Telugu, Kannada and Malayalam.
2.This guarantees the risk of completion of the film to the financier including the over budget funding.
3.These guarantees are fully re-insured by GIC of India.
4.Since the guarantee covers the full completion of film, Infinity also arranges (on best efforts) institutional bank finance to the said films.
5.This MOU covers a minimum of 25 such film projects in the first 12 months from this date.
6.The Completion Guarantee along with full insurance for performance by GIC, adds weight to the transparency brought in by the Theatre Chain Companies like PSTL which offers a paradigm shift for Indian film industry in terms of availability of risk mitigation, structured finance and transparency in film making and financing.
7.This agreement is a major step towards creation of film content supply chain for PSTL and in effect indirectly funds close to RS.300 crores of working capital as off balance sheet funding