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.
