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PVR gains on resolving dispute with Elan Group

PVR Inox Ltd. | Film Production, Distribution & Entertainment | Media | BSE: 532689 | NSE: PVRINOX

19 Feb 2018 Evaluate

PVR is currently trading at Rs. 1405.25, up by 4.10 points or 0.29% from its previous closing of Rs. 1401.15 on the BSE.

The scrip opened at Rs. 1411.90 and has touched a high and low of Rs. 1411.90 and Rs. 1405.25 respectively.

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. 1145.00 on 28-Sep-2017.

Last one week high and low of the scrip stood at Rs. 1456.40 and Rs. 1393.00 respectively. The current market cap of the company is Rs. 6,567.00 crore.

The promoters holding in the company stood at 20.25%, while Institutions and Non-Institutions held 69.42% and 10.33% respectively.

PVR and Elan Group have amicably resolved all differences and disputes which had arisen between the parties on account of misunderstandings in relation to MoUs pertaining to development of multiplexes in Gurugram.

Both the parties had initiated multiple legal proceedings against each other under both civil and criminal laws. The parties have now mutually agreed and already initiated steps to withdraw all pending legal proceedings against their respective organizations as well as against their directors/officials.

Both the parties have reached a revised understanding with respect to leasing the multiplexes in commercial projects being developed by Elan group in Sector 80 (Elan Mercado), Sector 67 (Elan Town Centre) and Sector 84 (Elan Miracle). All disputes stand settled and no dispute survives between the parties.

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.

PVR Share Price

938.05 -12.75 (-1.34%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
PVR	938.05
Saregama India	344.55
Shemaroo Entertain.	105.35
Balaji Telefilms	94.39
UFO Moviez	72.06
View more..

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PVR gains on resolving dispute with Elan Group

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