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PVR surges on planning to acquire minority stake in iPic

17 Nov 2017 Evaluate

PVR is currently trading at Rs. 1419.25, up by 28.75 points or 2.07% from its previous closing of Rs. 1390.50 on the BSE.

The scrip opened at Rs. 1405.00 and has touched a high and low of Rs. 1429.65 and Rs. 1391.95 respectively. So far 11245 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1659.70 on 28-Apr-2017 and a 52 week low of Rs. 1011.05 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1439.75 and Rs. 1367.85 respectively. The current market cap of the company is Rs. 6545.97 crore.

The promoters holding in the company stood at 20.25%, while institutions and non-institutions held 67.81% and 11.93% respectively.

PVR has agreed to acquire a minority stake in iPic-Gold Class Entertainment, LLC (iPic), America’s premier luxury restaurant-and-theater company, which owns and operates 16 luxury theaters with 121 screens across 10 states in the United States.

The board of directors of PVR in its meeting held on November 16, 2017 approved the proposed investment and the strategic partnership between PVR and iPic, which will give PVR valuable exposure in the cinema exhibition market of USA. The completion of the proposed investment is subject to receipt of relevant corporate and regulatory approvals.

PVR is the largest and the most premium film and retail entertainment company in India. The company 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.

PVR Share Price

1066.45 -3.00 (-0.28%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
PVR 1066.45
Saregama India 349.70
Shemaroo Entertain. 103.15
Balaji Telefilms 125.26
UFO Moviez 74.31
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