PVP Ventures to raise Rs. 50 crore

The Board of Directors of PVP Ventures Ltd at its meeting held on November 13, 2013, have approved issue of up to 500 Rated, Redeemable, Secured, Listed Non-Convertible Debentures of Face Value of Rs. 1,000,000/- (Rupees One Million Only) each for cash at par, aggregating to INR 500 Millions (Indian Rupees Five Hundred Millions Only) on private placement basis in one or more series to the eligible investors.

Shares of PVP Ventures Ltd was last trading in BSE at Rs.5.45, down by Rs.0.16 or 2.85%. The stock hit an intraday high of Rs.5.74 and low of Rs.5.41.

The total traded quantity was 0.26 lakhs as compared to 2 week average of 0.29 lakhs.

Source : Equity Bulls

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