Warburg Pincus has divested a 2.49 per cent stake in PVR for Rs 380 crore through the open market transactions. Warburg Pincus, through its affiliate Berry Creek Investment, sold the shares in PVR.
According to the block deal data available with the BSE, Berry Creek Investment sold a total of 24,39,301 shares in three tranches, amounting to 2.49 per cent stake in PVR. The shares were disposed at an average price of Rs 1559.35 apiece, taking the transaction value at Rs 380.37 crore. ICICI Prudential Mutual Fund (MF), SBI MF and Societe Generale - ODI were the buyers of the shares. As of February 2023, Berry Creek Investment owned a 2.49 per cent stake in the company.
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.
