PVR to hold board meeting on 6 July

PVR is proposing to hold a meeting on 6 July 2020 to consider decide and discuss, matter in connection with the rights issue, including the determination of rights issue price, record date, rights entitlement ratio etc.

Jul 04, 2020 03:07 IST capital market

The announcement was made after market hours yesterday, 3 July 2020. Shares of PVR settled 1.69% higher at Rs 1,032.50 yesterday.

The board of directors of PVR had on 8 June 2020 informed about the approval of issue of equity shares of the company by way of a rights issue to the eligible shareholders of the company for an amount aggregating up to Rs 300 crore.

The cinema chain operator reported consolidated net loss of Rs 74.49 crore in Q4 March 2020 compared with net profit of Rs 46.42 crore in Q4 March 2019. Consolidated net sales dropped 22.98% to Rs 645.13 crore in Q4 March 2020 over Q4 March 2019.

PVR is a film entertainment company, which is engaged in the motion picture exhibition in cinemas. Currently, the company operates 845 screens in 176 properties in 71 cities across India and Sri Lanka.

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