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PVR opens QIP issue to raise Rs 800 crore

The floor price for the issue has been fixed at Rs 1,495.93 per equity share, which is 1.1 percent higher to the closing price of January 27.

January 27, 2021 / 09:07 PM IST
 
 
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Multiplex chain operator PVR launched its qualified institutional placement (QIP) issue for subscription on January 27, following the approval from shareholders last week.

"The Fund Raise Committee of the company has approved the preliminary placement document in connection with the QIP; and authorised the opening of QIP on January 27," said PVR in its BSE filing.

The floor price for the issue has been fixed at Rs 1,495.93 per equity share, which is 1.1 percent higher to the closing price of January 27.

PVR shares gained 1.19 percent on January 27 to close at Rs 1,480.05 on the BSE.