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L Capital Asia's Ravi Thakran joins PVR board

L Capital also invested Rs 50 cr in PVR's subsidiary

Reghu Balakrishnan  |  Mumbai 

Ravinder Singh Thakran, managing partner - L Capital Asia, has joined the board of multiplex chain operator as additional director.

had picked up 10% stake in PVR for Rs 57.7 crore through a preferential issue, at a rate of Rs 200 a piece. L Capital also invested Rs 50 crore in PVR's subsidiary - PVR Leisure Limited.

is the private equity arm of the global luxury conglomerate LVMH group. In India, L Capital made investments in Genesis Luxury and Fabindia.

On Thursday, shares of PVR closed at Rs 219, down by 1.90% on BSE.

First Published: Thu, October 18 2012. 19:50 IST