Multiplex operator PVR has received its shareholders’ approval to raise Rs 500 crore through issuance of non-convertible debentures (NCDs) on private placement basis. The company’s board had last year approved plan to raise Rs 500 crore through qualified institutional placement (QIP).
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.
