Pramod Arora, Group President & CEO, PVR, says that L Capital is a strategic investor or private equity investor but they will bring also bring lot of value along.
PVR has allotted 28.85 lakh shares at Rs 200 per share to L Capital on preferential basis, reports CNBC-TV18. At 09:28 hrs the share was quoting at Rs 197.05, up Rs 4.10, or 2.12%. It has touched a 52-week high of Rs 199.70.
Ravi Thakran, from LVMH's private equity fund, L Capital, tells Forbes India that he is applying his knowledge from building luxury brands to other aspirational products.
Louis Vuitton Moet Hennesy (LVMH) bought 8 percent stake in Fab India, the Indian clothes and lifestyles products retailer. The stake sale saw the exit of Wolfensohn Capital Partners exit from the company.
L Capital, the investment firm co-funded by luxury group LVMH, is in exclusive talks to buy a stake in India's biggest jewellery retailer Gitanjali, a source close to the matter said on Monday.