Investment services provider Macquarie Bank today acquired 2.68 lakh shares of Multiplex chain operator PVR worth Rs 9.5 crore through open market transactions.
According to bulk deal data available with the stock exchanges, a total of 2,68,576 shares of PVR were picked up by Macquarie Bank.
The shares were purchased at an average price of Rs 352.72 apiece, amounting the transaction to Rs 9.47 crore.
In January, this year, PVR had completed acquisition of a controlling stake in Cinemax India for Rs 395 crore, following which it became the country's largest mutiplex operator with a combined strength of 351 screens at 85 locations.
PVR, had 46 operational properties, with 213 screens and a seating capacity of 50,655 seats. Cinemax had 39 operational properties, with 138 screens and a seating capacity of 33,535 seats.
Shares of PVR today closed higher by 0.97% at Rs 352.50 apiece on the BSE.
