PVR IPO to fund its expansion

Multiplex cinema operator PVR Ltd will hit the capital market with its initial public offer (IPO) of 77 lakh equity shares, having fixed a p...

By: ENS Economic Bureau
Mumbai | December 6, 2005 12:00 AM IST

1 min read

Multiplex cinema operator PVR Ltd will hit the capital market with its initial public offer (IPO) of 77 lakh equity shares, having fixed a price band of Rs 200 to Rs 240 for its issue.

“The proceeds from the issue would be used to finance new cinema projects, expand film distribution business, technological upgradation and renovation of cinemas. The company plans to set up cinemas in Mumbai, Hyderabad, Delhi, Indore, Gurgaon, Lucknow, Chennai, Ludhiana, Aurangabad and Latur,” PVR Ltd managing director Ajjay Bijli said.