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Last Updated : Aug 04, 2020 10:18 PM IST | Source: PTI

PVR rights issue oversubscribed

Earlier on July 6, the board of the PVR had approved to raise funds worth ₹300 crore by rights issues through issuance of equity shares of face value of ₹10 each on rights issue basis.

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Leading multiplex operator PVR's rights issue has been subscribed 2.23 times, according to data available with stock exchanges.

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Its rights issue opened on July 17 and closed on July 31.

According to issue subscription data, PVR proposed to issue 38.23 lakh equity shares.

The company's board had fixed rights issue price at 784 per equity share, including a premium of 774 a share over face value of 10 per share.

According to exchange data, the rights offering received bids for 85.29 lakh shares by the time of closure of offer on July 31, including non ASBA (Application Supported by Blocked Amount) bids.

The offering received bid applications for 47.90 lakh shares on the BSE and 37.39 lakh shares on the NSE.

Earlier on July 6, the board of the PVR had approved to raise funds worth 300 crore by rights issues through issuance of equity shares of face value of 10 each on rights issue basis.

For the January-March quarter, PVR had reported a consolidated net loss of 74.61 crore. Its revenue from operations was down to 645.13 crore during the quarter from  837.63 crore in the corresponding period of the last fiscal.

First Published on Aug 3, 2020 06:55 pm
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