Key Developments: PVR Ltd (PVRL.NS)
336.10INR
22 May 2013
Rs-3.90 (-1.15%)
Rs348.25
Rs343.30
Rs345.00
Rs335.00
36,730
83,027
Rs390.00
Rs146.05
Latest Key Developments (Source: Significant Developments)
PVR Ltd Announces Opening of Multiplex at Lulu Shopping Mall, Kochi
PVR Ltd announced that it has opened a multiplex on April 26, 2013 at Lulu Shopping Mall, Kochi on NH-47 Edapally, Kochi. Full Article
PVR Ltd Allotment Of Equity Shares
PVR Ltd announced that the Board of Directors of the Company at its meeting held on January 30, 2013, has approved the allotment of 35,530 Equity Shares of INR10 each against the same number of Options exercised. Full Article
PVR Ltd's Cine Hospitality Private Limited Announces Acquisition of Controlling Stake of Cinemax India Limited
PVR Ltd announced that the Company, through Cine Hospitality Private Limited, a wholly owned subsidiary of the Company, has purchased controlling stake in the share capital of Cinemax India Limited through a block deal executed on the floor of the stock exchange on January 08, 2012. Accordingly, the Board of Directors of Cinemax India Limited stands reconstituted. Full Article
PVR Ltd's Cine Hospitality Pvt Ltd Announces Open Offer To Shareholders Of Cinemax India Limited
PVR Ltd announced that Enam Securities Pvt Ltd (Manager to the Open Offer) has informed regarding Open Offer (Offer) for acquisition of up to 7,280,000 fully paid-up equity shares of face value of INR5 each from the public shareholders of Cinemax India Limited (Target Company) at a Price of INR203.65 per Equity Share (Offer Price), representing 26% of the fully diluted voting equity share capital of the Target Company (Voting Share Capital), as of the 10th working day from the closure of the tendering period by Cine Hospitality Pvt Ltd (Acquirer) and PVR Ltd, in its capacity as a person acting in concert with the Acquirer (PAC). Full Article
PVR Ltd's Cine Hospitality Private Limited Acquires Cinemax India Limited
PVR Ltd announced that the Board of Directors of the Company at its meeting held on November 29, 2012, approved, subject to receipt of relevant consents under applicable law, the purchase of entire 69.27% stake in Cinemax India Limited from the Kanakia family, promoters of Cinemax India Limited at a per share price of INR203.65 and a total consideration of INR3,949,754,278 through Cine Hospitality Private Limited, a wholly owned subsidiary of the Company. The Board also approved purchase of upto 26% stake of Cinemax India Limited from the public shareholders pursuant to an open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Full Article
PVR Ltd In Talks To buy Cinemax India-Business Line
Business Line reported that PVR Ltd informed the stock exchanges that it was in talks with the promoters of Cinemax India Ltd to buy their shares. However, no definitive agreement had been signed . The Mumbai-based Cinemax, part of the Kanakia group, is into film distribution and has 138 screens and 33,522 seats across 39 properties, according to information on its web site. Cinemax has 45 screens and 11,769 seats across 14 locations in and around Mumbai. Full Article
PVR Ltd Announces Preferential Issue to L Capital Eco Limited
PVR Ltd announced that there is capital restructuring of the Company due to allotment of 2,885,000 Equity Shares on preferential issue basis to L Capital Eco Limited on September 28, 2012, resulting in a change upto 10% of the total paid-up share capital of the Company, which stands increased from 25,957,604 to 28,842,604. Full Article
PVR Ltd Announces Opening Of Multiplex At Nagpur
PVR Ltd announced the opening of a multiplex on August 15, 2012 at Empress Mall, in Nagpur in the state of Maharashtra. The multiplex is comprised of five screens. Full Article
PVR Ltd Announces Issue of Equity
PVR Ltd announced that the board of directors at its meeting held on August 01, 2012 has approved the issue of 2,885,000 Equity Shares of face value of INR10 each at a Premium of INR190 per share of aggregating to INR57.70 Crores (INR577 million) or at price to be determined as per SEBI (ICDR) Regulations, 2009 whichever is higher, to L Capital Eco a Company incorporated in Mauritius. The funds raised by issue of Shares on Preferential basis shall be used for expansion plan of the Company. Full Article
PVR Ltd Announces Opening of Multiplex at Ludhiana
PVR Ltd announced that it has opened of its another six screen multiplex on July 12, 2012 at Silver Arc Mall at third and fourth Floor, 622, Ferozpur Road, Ludhiana in Punjab. Full Article
India's PVR to buy majority stake in Cinemax for $71 mln
MUMBAI, Nov 29 - Cinemax India Ltd, a theatre chain operator, said its controlling shareholders will sell a 69.27 percent stake in the company to local rival PVR Ltd for 3.95 billion rupees ($71 million).
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