Movie theatre chain PVR posted consolidated net profit of Rs.58.05 crore for the April-June (first) quarter of 2015-16, a company filing in the Bombay Stock Exchange said on Wednesday.
It posted profit of Rs.7.66 crore for the corresponding quarter in 2014-15.
The company also plans to raise Rs.500 crore through issue of non-convertible debentures and Rs.350 crore via allotment of shares to some funds on preferential basis.
The company said it will seek permission to issue "Issue non convertible debentures for up to Rs.500 crores subject to approval at the forthcoming annual general meeting.
This will include the allotment of 5,000,000 equity shares at Rs.700 per share of face value Rs.10 each equity share at a premium of Rs.690 per share aggregating to Rs.350 crore on preferential basis to the funds, the company added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app