Multiplex chain PVR is looking to raise up to Rs 250 crore through issue of non-convertible debentures (NCDs) to fund various activities, including acquisitions. In this regard, the company is seeking shareholders’ nod at its annual general meeting to be held on September 29. Raising of funds through NCDs will result in the borrowed money exceeding the aggregate of the company’s paid-up share capital and free reserves.
Earlier this year, PVR had completed acquisition of 32 screens of DT cinemas at a revised consideration of Rs. 433 crore after the Competition Commission directed the companies to exclude certain assets from the deal to address anti-competitive concerns.
PVR is the largest and the most premium film and retail entertainment company in India. The company is engaged in the business of film exhibition. The company operates other business such as providing content, film distribution and Entertainment Park through its subsidiaries. Currently, the company has achieved the status of being India’s largest cinema chain.
Company Name | CMP |
---|---|
PVR | 1680.30 |
Saregama India | 565.65 |
Eros Internatl.Media | 19.33 |
Shemaroo Entertain. | 195.15 |
Balaji Telefilms | 65.00 |
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