• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, Oct. 13 Mr P.S. Saminathan, Chairman and promoter, Pyramid Saimira group, has bought 70.45 lakh shares of the company from two promoters at a price of Rs 200 a share.

On Monday, shares of Pyramid Saimira Theatre Ltd closed at Rs 73.55, or Rs 12.10 (20 per cent) above the previous close, on the NSE.

According to the figures available with the NSE, PSTL’s equity capital is composed of 2.82 crore shares of Rs 10 each. Therefore, Mr Saminathan’s purchase of shares amounts to 2.5 per cent of the company’s equity capital.

As at end-September 2008, Mr Saminathan had 21.97 per cent stake in the company, according to the figures available on the NSE Web site.

PSTL is the flagship company of the Pyramid Saimira group, which is mainly into production and exhibition of movies. The company has several subsidiaries that are into selling of foods and beverages at cinemas, cine advertising, providing services to film production and animation and gaming. Some of them are into real estate and ownership of cinemas abroad. PSTL has, either through ownership or lease, control over more than 800 screens with a seating capacity of 5.5 lakh. For 2007-08, its (non-consolidated) turnover was Rs 744 crore.

More Stories on : Stocks | Cinema

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line