L Capital Asia, through its Indian subsidiary L Capital Eco, will invest a total of INR1.08 billion (approximately US$19 million) in Indian cinema operator PVR. L Capital will invest INR577 million for a direct 10 percent stake in PVR, as well as INR501 million to establish a joint venture with PVR to invest in in-mall entertainment and leisure concepts. L Capital is the private equity arm of luxury goods conglomerate LVMH Moët Hennessy – Louis Vuitton.