PVR’s board has approved the issue and allotment of 29,08,583 Equity Shares to eligible qualified institutional buyers (QIBs) at the issue price of Rs 1,719.05 per Equity Share (including a premium of Rs 1,709.05 per Equity Share) aggregating to Rs 500 crore.
Pursuant to the allotment of Equity Shares under the QIP, the paid-up equity share capital of the Company stands increased to Rs 51,29,08,450 comprising of 5,12,90,845 Equity Shares of face value of Rs 10 each. The Fund Raise Committee of the Company at its meeting held on October 30, 2019 has approved the same.
PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.