PVR slips 5% after mega block deals; stock down 17% from 52-week high

According to media report, four investors in movie theatre chain PVR offloaded 7.7% stake in the company via block deals.

Shares of PVR dropped 5 per cent to Rs 1,838 on the BSE in Thursday’s intra-day trade, after over 10 million equity shares changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.46 per cent at 60,067 points. In the past three days, the stock gained 5 per cent.

Till 10:57 am; a combined 10.25 million equity shares, representing 16.78 per cent of the total equity of PVR, changed hands on the NSE and BSE, data shows. The names of the buyers and sellers were not ascertained immediately. With Thursday's decline, the stock