PVR Ltd approves allotment of Equity Shares pursuant to the Hon'ble Delhi High Court Order dated March 12, 2014

The Restructuring Committee of PVR Ltd in the meeting held on March 14, 2014 approved the allotment of 10,90,283 Equity Shares to the public shareholders of Cinemax India Limited holding as on the Record Date i.e. March 10, 2014 and in accordance with the swap ratio as provided in the Scheme of Amalgamation and approved by the Hon'ble Delhi High Court on February 12, 2014 i.e. allotment of 4 Equity Shares of face value of Rs. 10/- each fully paid-up of PVR Limited against 7 Equity Shares of face value of Rs. 5 each fully paid-up in Cinemax India Limited.

Shares of PVR LTD. was last trading in BSE at Rs.520 as compared to the previous close of Rs. 517.75. The total number of shares traded during the day was 7216 in over 305 trades.

The stock hit an intraday high of Rs. 523.55 and intraday low of 516. The net turnover during the day was Rs. 3750605.

Source : Equity Bulls

Keywords