Shares of PVR surged 5 per cent today after private equity player Warburg Pincus acquired around 14 per cent stake in the multiplex chain for about Rs 820 crore.
The stock jumped 5.05 per cent to end at Rs 1,303.90 on BSE. During the day, it gained 20 per cent to Rs 1,489.50 -- its 52-week high.
On NSE, it soared 4.77 per cent to close at Rs 1,303.90.
"Affiliates of Warburg Pincus have acquired an equity stake of approximately 14 per cent in PVR, India's largest film and retail entertainment company for approximately Rs 820 crore," Warburg Pincus said in a statement.
The stake is being acquired from affiliates of private equity firm Multiples, which will remain a long term investor with a 14 per cent equity stake and the current promoters who will continue to drive the business and remain the largest shareholders with a shareholding greater than 20 per cent, it added.
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