PVR plans equity share buy back

PVR Ltd said the outgo will not exceed 10% of its paid up equity share capital,free reserves.

Film exhibitor and distributor PVR Ltd today said it plans to buy back shares entailing an outgo that will not exceed 10 per cent of its paid up equity share capital and free reserves.

In a filing to the Bombay Stock Exchange,PVR Ltd said a meeting of the Board of Directors of the company will be held on May 27,2011 to consider the proposal for buy back of shares for a sum not exceeding 10 per cent of its paid up equity share capital and free reserves.

The details of the buy back were,however,not available.

Shares of the company ended the day at Rs 96.90 a piece,down 0.56 per cent from its previous close on the BSE.

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