PVR Inox shares fall 2% after promoter Ajay Bijli pledges 4 lakh shares

PVR Inox share price

• PVR Inox shares drop 2% after Ajay Bijli pledges 4 lakh shares
• Ajay Bijli's pledged shares total 29.44 lakh, 3% of share capital
• PVR Inox shares fell 9% in the past month and 24% in 2025 to date.

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The shares of PVR Inox dropped more than 2 percent on December 30 after the company announced that its promoter and managing director Ajay Bijli pledged around 4 lakh shares of the company for personal borrowing.

The shares of the theatre chain closed at Rs 996 apiece on Tuesday, the lowest level seen by the stock in nearly five months.

PVR Inox promoter pledges shares:

In an exchange filing released on December 29, PVR Inox announced that Bijli has pledged 3.10 lakh shares to Infina Finance Private Limited, and 90,037 shares to HSBC InvestDirect Financial Services. This has taken the total number of shares pledged by Ajay Bijli to 29.44 lakh shares, or 3 percent of the company’s total share capital.

What is share pledging?

Share pledge refers to the practice where promoters of a company use their shares as collateral to secure loans from financial institutions. This is typically done when promoters need money but do not wish to sell their shares. By pledging shares, they can raise funds without diluting their equity holding in the company.

Bijli's pledges were created on December 24 for "personal borrowing". Ajay Bijli held 5.5 percent stake in the company, as at the end of the April-June quarter of the ongoing financial year.

PVR Inox share price:

PVR Inox shares have fallen nearly 4 percent in the past five days, and over 9 percent in the past one month. The stock rose over 2.5 percent in the past six months, but is down over 24 percent in 2025 so far.

Earlier this month, the stock saw a brief surge as Ranveer Singh-starrer Dhurandhar created new box office records. However, the stock then failed to hold on to the momentum.

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