Comments
PVR has entered into a share purchase agreement with L Capital Eco for the purchase of its entire investment in both equity and preference shares, of PVR Leisure. The board of directors of PVR on Friday approved the allotment of 1.32 lakh equity shares of ₹10 each against the same number of options exercised by the employees of the company pursuant to the PVR ESOS 2012 Scheme of the company. Shares of PVR gained 0.96 per cent at ₹680.40 on the BSE on Friday.
The allotment committee of Frontier Leasing & Finance has allotted 12,000 non-convertible, redeemable, preference shares of 0.01 per cent for cash at par of ₹1,000 each to Inimitable Capital Finance Private Ltd, promoter of the company. Following the allotment, the issued and paid-up capital of the company has increased to ₹1.44 crore from ₹24.50 lakh. Shares of Frontier Leasing & Finance jumped 1.87 per cent at ₹5.98 on the BSE.
Quantum Build-Tech has informed the BSE that the company is considering taking up infrastructure and real estate projects in alternative markets other than Hyderabad. The company is planning to launch a new project at Jaihind Nagar at Hyderabad and is exploring various alternatives to raise financial resources. The company has initiated talks with prospective investor groups for undertaking projects in suburban Mumbai and Thane through standalone or joint venture modes. Shares of Quantum Build slumped 1.04 per cent at ₹42.75 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.