PVR Cinemas is planning to raise up to Rs 750 crore through issue of securities to qualified institutional buyers, in this regard the company is seeking shareholder’s nod.
The company will use the raised fund for capital expenditure needs, funding any acquisitions, reducing outstanding debt, funding long and short term working capital requirements, general corporate purposes and other corporate exigencies.
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.
