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Our Bureau

Mumbai , Oct 4

PVR Ltd, a multiplex cinema operator, has filed its offer document with the SEBI to enter the capital market with its initial public offer of 77 lakh equity shares of Rs 10 each for cash at a price to be determined through the book building process.

The proceeds from the issue would be utilised to finance new cinema projects, expand film distribution business, technological upgradation, and renovation of cinemas.

The company plans to expand its cinema footprint and set up new cinemas in Mumbai, Hyderabad, Delhi, Indore, Gurgaon, Lucknow, Chennai, Ludhiana, Aurangabad, and Latur.

The issue comprises a fresh issue of 57 lakh equity shares by the company and an offer for sale of 20 lakh equity shares by ICICI Ventures.

The book running lead managers to the issue are ICICI Securities Ltd and Kotak Mahindra Capital Company Ltd.

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