PVR raised Rs800 Cr from investors via QIP
Multiplex operator PVR Ltd has raised Rs 800 crore by issuing shares to a set of investors through qualified institutional placement (QIP). The QIP witnessed an allotment of over 55.55 lakh equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,440 apiece. Shares of the company were trading 0.29 per cent higher at Rs 1,529.30 a piece on the BSE.
"The fund raise committee of the company... approved the issue and allotment of 55,55,555 equity shares to eligible QIBs at the issue price of Rs 1,440 per equity share, aggregating to approx Rs 800 crore," PVR said in a regulatory filing.