Multiplex operator PVR’s board approves plan to raise ₹800 crore
PVR currently operates 845 screens in 176 cinemas in 71 cities in India and Sri Lanka
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The plans to raise capital comes as theatres were allowed to open across the country from October
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Mumbai: The board of the multiplex chain operator PVR Ltd on Friday approved a capital raising plan that could see the company raise up to Rs800 crore, the company said in a stock exchange filing.
The company will look to raise the capital through a so-called qualified institutional placement offering or a preferential allotment, the filing said.