PVR is currently trading at Rs 273.25, up by 17.80 points or 6.97% from its previous closing of Rs. 255.45 on the BSE.
The scrip opened at Rs 254.85 and has touched a high and low of Rs 280.90 and Rs 252.15 respectively. So far 457223 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 280.90 on 30-Nov-2012 and a 52 week low of Rs 115.55 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs 280.90 and Rs 222.00 respectively. The current market cap of the company is Rs 798.71 crore.
The promoters holding in the company stood at 40.22% while Institutions and Non-Institutions held 22.58% and 37.20% respectively.
PVR has entered into definitive agreements to acquire 69.27% stake in Cinemax, a Kanakia Group entity that operates movie exhibition business in India. PVR currently has 46 operational properties, with 213 screens and a seating capacity of 50,655 seats. Cinemax has 39 operational properties, with 138 screens and seating capacity of 33,535 seats. Further, this acquisition would create the largest movie exhibition chain in India with a combined strength of 351 screens 85 locations with a total capacity of 84,190 seats. This will also give PVR a leadership position in 10 key markets across the country.
The acquisition is being carried out through its wholly owned subsidiary, Cine Hospitality (CHPL). CHPL would be acquiring 69.27% stake owned by the promoter group of Cinemax at a price of Rs 20,365 for all cash consideration of Rs 395 crore. The acquisition shall be followed by an open offer to the public shareholders of Cinemax India for an additional 26% stake for cash.
PVR 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 | 1381.80 |
| Saregama India | 497.65 |
| Eros Internatl.Media | 15.13 |
| Shemaroo Entertain. | 160.10 |
| Balaji Telefilms | 79.92 |
| View more.. | |
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