The fund raise committee of PVR on Wednesday approved the issue and allotment of 29.08 lakh shares to eligible QIBs at the issue price of ₹1,719.05 a share, aggregating ₹500 crore.

Pursuant to the allotment, the paid-up equity share capital of the company stands increased to ₹51.29 crore. The issue was opened between October 23 and 29. The stock of PVR gained 0.6 per cent at ₹1,799.05 on the BSE.

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