PVR Raises 800 cr; Issues Shares Through QIP

Multiplex operator PVR Ltd has raised 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 1,440 a piece. “The fund raise committee of the company‚Ķ approved the issue and allotment of 55,55,555 equity shares to eligible QIBs at the issue price of 1,440 per equity share, aggregating to approx 800 crore,” PVR said in a regulatory filing.

PVR said the issue opened on January 27, 2021 and closed on February 1, 2021. Shares of the company were trading 0.29 per cent higher at 1,529.30 a piece on the BSE.

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