PVR Secures Rs 800 Cr from Investors via QIP

PVR Ltd has secured Rs 800 crore by issuing shares to a set of investors through qualified institutional placement (QIP).

Multiplex operator’s QIP witnessed an allotment of more than 55.55 lakh equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,440 apiece.

PVR said in a regulatory filing, “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 ₹1,440 per equity share, aggregating to approx Rs 800 crore.”

PVR’s issue opened on January 27, 2021, and closed on February 1, 2021.