PVR Ltd allots shares on merger of INOX Leisure Ltd

Consequent upon the scheme coming into effect, the Board of Directors of PVR Ltd on 22nd February, 2023, has approved the allotment of 3,67,01,729 equity shares of the face value of Rs. 10/- each (fully paid-up) of the Company, in accordance with the Share Exchange Ratio provided in the Scheme, to such equity shareholders of erstwhile INOX Leisure Limited whose name appears in the register of members, as on the Record Date i.e. 17th February, 2023 fixed for the said purpose. The Company has initiated the process of Corporate Action for credit of shares in the demat account of the respective allottees.

The equity shares allotted as above, shall be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE), and shall rank pari-passu in all respects with the existing equity shares of the Company.

Consequent to the above allotment, the issued and paid-up equity share capital of the Company stands increased from Rs. 61,25,10,850/- comprising of 6,12,51,085 equity shares of the face value of Rs. 10/- each to Rs. 97,95,28,140/- comprising of 9,79,52,814 equity shares of the face value of Rs. 10/- each.

Shares of PVR Limited was last trading in BSE at Rs. 1624.35 as compared to the previous close of Rs. 1652.40. The total number of shares traded during the day was 8505 in over 1213 trades.

The stock hit an intraday high of Rs. 1662.95 and intraday low of 1620.75. The net turnover during the day was Rs. 13898242.00.

Source : Equity Bulls

Keywords

PVR INE191H01014 SharesAllotment Merger INOXLeisure Shareholders