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PVR gets nod to raise Rs 500 crore via QIP

30 Sep 2014 Evaluate

Multiplex operator PVR has received its board’s approval to raise Rs 500 crore through qualified institutional placement (QIP). The company’s board has also approved management services agreement with its JV firm PVR bluO Entertainment.

PVR is engaged in the business of film exhibition. The company operates other business such as providing content, film distribution and Entertainment Park through its subsidiaries. Currently, the company has achieved the status of being India’s largest cinema chain.

Peers
Company Name CMP
PVR Inox 1327.15
Saregama India 485.50
Shemaroo Entertain. 103.65
UFO Moviez India 55.18
Tips Music 636.35
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