Page 8 - Pvr

PVR shareholders, creditors to meet on October 11 to consider INOX merger

Multiplex operator PVR has called a meeting of its shareholders and creditors on October 11 to seek their approval for the scheme of merger with rival Inox Leisure. This comes after the Mumbai bench of the National Company Law Tribunal (NCLT) on August 22 directed PVR to call a meeting. "We wish to inform you that pursuant to the order pronounced on August 22, 2022 and received on September 5, 2022, meetings of equity shareholders will be held through video conferencing or other audio visual means on Tuesday, October 11, 2022, at 11:30 AM," PVR informed exchanges on Thursday. The meeting of secured creditors of the company will be held physically at PVR's registered office in Mumbai on the same day at 3 PM, it added. In June this year, both PVR and Inox Leisure had said they had received clearances for their merger from bourses NSE and BSE. However, last month non-profit group CUTS filed a complaint against the proposed merger before fair trade regulator CCI, alleging that the dea

Dalal Street defies global mood; Sensex soars 443 pts, Nifty top 17,650

CLOSING BELL: ITC, Sun Pharma, RIL, Tata Steel, NTPC, HCL Tech, L&T, and ICICI bank were the top Sensex gainers, while Hindalco, JSW Steel, Grasim, and Cipla were additional top gainers on the Nifty50

Movie tickets at just Rs 75: India to observe National Cinema Day on Sep 16

Various companies like PVR, INOX, Cinepolis, Carnival, Miraj, Citypride, Asia, Mukta A2, Movie Time, Wave, M2K, and Delite have agreed to be a part of the celebrations

Morgan Stanley Asia buys 940,000 shares of ACC shares worth Rs 215 crore

Morgan Stanley Asia on Friday bought 9.4 lakh shares of cement manufacturer ACC Ltd for over Rs 215 crore through an open market transaction. According to bulk deal data available with the National Stock Exchange (NSE), Morgan Stanley Asia (Singapore) Pte purchased 9,41,557 shares of the company. The shares were acquired at an average price of Rs 2,290 apiece, taking the transaction value to Rs 215.61 crore. Shares of ACC settled 0.43 per cent lower at Rs 2,286.50 on NSE. In a separate transaction, Societe Generale buys shares of multiplex film exhibition company PVR Ltd for Rs 60 crore through an open market transaction. Societe Generale ODI picked up 3,23,158 shares at an average price of Rs 1,861.42 per scrip, taking the transaction value to Rs 60.15 crore, as per data available with the bourse. PVR Ltd shares were closed 0.05 per cent lower at Rs 1,854 on NSE.

Regional movies' revenue doing little for PVR, Inox; stay away, say experts

While there may be some bounce back, risks from OTT, sparse revenue from South Indian movies may put pressure on stock prices

BNP Paribas Arbitrage offloads 405,000 PVR shares worth Rs 74 cr

BNP Paribas Arbitrage on Thursday offloaded 4.05 lakh shares of multiplex film exhibition company PVR Ltd for more than Rs 74 crore through an open market transaction. According to bulk deal data available with BSE, BNP Paribas Arbitrage sold 4,05,183 shares of the company. The shares were disposed of at an average price of Rs 1,841.14 apiece, taking the transaction value to Rs 74.59 crore. Shares of PVR Ltd settled 0.64 per cent higher at Rs 1,841.15 on BSE.

Advertising in movie halls: From still cards to experiential marketing

While in-cinema advertising is yet to reach pre-pandemic levels, multiplex operators are making the next big leap to lure brands. Will it revive the market?

India at 75: 'Hamara Bajaj' to Luna - 15 brands that you will never forget

The products may have lived on or given way to others, but the brands never get old. From Bajaj Scooters to Luna, Maruti 800 and Rajdoot, here's a look at 15 brands that remain a part of our lives

Institutional investors pushing back more on top executive pay hikes

Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts

Street Signs: Stocks in overbought territory, PVR shares flat, and more

Markets are expected to remain volatile on opening as they absorb the results of Reliance Industries and Infosys

Analysts raise target on PVR post blockbuster Q1; see up to 25% upside

PVR Q1 review: Shares of PVR Ltd have surged 4 per cent in two days as against 1 per cent rise in the benchmark S&P BSE Sensex

Coffee with BS: What makes Ajay Bijli the Godfather of India's multiplexes

Things are looking good. And PVR posting its first profit this week, after two dark years, is the cherry on the cake

Stocks to Watch: RIL, ITC, CRISIL, PVR, GSFC, RBL Bk, Hindustan Zinc, Sugar

Stocks to Watch Today: Bandhan Bank, Compton Greaves, HDFC AMC, HFCL, JSW Steel, Reliance Industries and UltraTech Cement to announce Q1 results on Friday.

Q1 Results: PVR back in black as box office picks up pace post-Covid

Meets Street expectations, thanks to healthy box-office collections

PVR reports Rs 53 cr net profit in Q1; revenue zooms multi-fold on low base

Leading multiplex chain operator PVR Ltd on Thursday reported a consolidated net profit of Rs 53.38 crore for the June quarter. The company had posted a net loss of Rs 219.44 crore in the April-June quarter a year ago, PVR said in a regulatory filing. Its revenue from operations rose to Rs 981.40 crore in comparison to a lower base of Rs 59.39 crore in the corresponding quarter last fiscal, when the screening business was disrupted due to the second wave of the coronavirus pandemic. PVR's quarter-on-quarter revenue was up 82.70 per cent as against Rs 537.14 crore in the January-March quarter of FY22, when some of its markets were disrupted due to a rise in Covid cases. Its total expenses was at Rs 917.19 crore in the period under review compared to Rs 417.06 crore in the year-ago period. In the latest June quarter, PVR's revenue from movie exhibition was at Rs 984.04 crore and Rs 25.34 crore from movie production, distribution and gaming, among others. It is currently operating 8

Sensex rises 284 pts, Nifty tops 16,600; IndusInd jumps 8%, Bajaj Fin 3%

CLOSING BELL: Among sectors, the Nifty PSB index rose 1.56 per cent, while the Nifty Pharma slipped 0.4 per cent

Bollywood battles flop show as OTT platforms, South movies throw challenge

As theatres reopen, big-budget production houses face challenges with the financial cushion offered by pre-selling to OTTs set to diminish

Multiplexes to post strong revenue growth in Q1, broadcasters to be muted

Q1 marks a full quarter of operations post pandemic for cinemas. This will reflect in financials of these firms, with likely revenue growth at 65-70% for PVR and Inox sequentially

Sensex, Nifty end flat in choppy session; metals, auto, IT packs slip most

Stock market LIVE updates: The broader markets suffered more losses than the frontline indices. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 per cent, respectively.

Stocks to watch: Tata Steel, HDFC, Jet Airways, JSW Steel, Biocon, PVR

Stocks to watch today: HDFC, slated to merge with HDFC Bank, raised Rs 4,000 crore through a paper with a maturity of 21 months; Jet Airways plans to lease 6 to 8 planes as part of re-launch.