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PVR informs about Outcome of Board Meeting

22 Jul 2015 Evaluate

PVR has informed that the Board of Directors of the Company at its meeting held on July 22, 2015, has approved the issue of Non Convertible Debentures for a sum not exceeding Rs. 500 Crores subject to approval by the members of the Company in the forthcoming Annual General Meeting, Scheme of Merger of PVR Leisure and Lettuce Entertain You with the Company and allotment of 50,00,000 Equity Shares at the rate of Rs. 700 per share of face value Rs. 10 each equity share at a premium of Rs. 690 per share aggregating to Rs. 350 Crores on preferential basis to Plenty Cl Fund I, Multiples Private Equity Fund II LLP and Plenty Private Equity Fund I.

The above information is a part of company’s filings submitted to BSE.

PVR Share Price

974.25 35.15 (3.74%)
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