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PVR raises Rs 800 cr from investors via qualified institutional placement

The QIP witnessed an allotment of over 55.55 lakh equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,440 apiece

Topics
PVR | Investment | QIP

Press Trust of India  |  New Delhi 

PVR Cinemas employee wearing face shield and facemask seen at PVR ICON, DLF Promenade Mall, Vasant Kunj, in New Delhi on Friday.
PVR Cinemas employee wearing face shield and facemask seen at PVR ICON, DLF Promenade Mall, Vasant Kunj, in New Delhi on Friday.

Multiplex operator Ltd has raised Rs 800 crore by issuing shares to a set of investors through qualified institutional placement (QIP).

The witnessed an allotment of over 55.55 lakh equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,440 apiece.

"The fund raise committee of the company... approved the issue and allotment of 55,55,555 equity shares to eligible QIBs at the issue price of Rs 1,440 per equity share, aggregating to approx Rs 800 crore," said in a regulatory filing late on Monday night.

said the issue opened on January27, 2021 and closed on February 1, 2021.

Shares of the company were trading 0.29 per cent higher at Rs 1,529.30 a piece on the BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Tue, February 02 2021. 10:52 IST
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