PVR to buy back L Capital’s stake

Multiplex player PVR Ltd said that it will buy back L Capital Eco’s entire investment in equity and preference shares of PVR Leisure. PVR Leisure owns and operates in-mall entertainment, gaming and food joints. In 2012, private equity firm L Capital had invested in PVR Leisure through L Capital Eco. PVR reported a consolidated net profit of ₹31.6 crore, recording a jump of 127 per cent for the quarter ended December 31, 2014, against ₹13.9 crore in the corresponding quarter previous fiscal. Consolidated revenues stood at ₹421.2 crore up 24 per cent.