Sunday , October 17 2021

PVR surges on getting NCLT’s nod for merger with SPI Cinemas

PVR is currently trading at Rs. 1526.00, up by 35.80 points or 2.40% from its previous closing of Rs. 1490.20 on the BSE.

The scrip opened at Rs. 1502.35 and has touched a high and low of Rs. 1530.00 and Rs. 1485.40 respectively. So far 9693 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1833.80 on 20-May-2019 and a 52 week low of Rs. 1102.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1530.00 and Rs. 1387.90 respectively. The current market cap of the company is Rs. 7138.18 crore.

The promoters holding in the company stood at 20.24%, while Institutions and Non-Institutions held 70.50% and 9.26% respectively.

National Company Law Tribunal (NCLT) has approved the merger of PVR with SPI Cinemas. NCLT has approved the scheme on August 23, 2019 at New Delhi.

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.

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