PVR gets shareholders' nod to raise Rs 500 crore via non-convertible debentures

NEW DELHI: Multiplex operator PVR today said its shareholders have approved raising Rs 500 crore through issuance of non-convertible debentures ( NCDs) on private placement basis.

Shareholders have approved "subscription of non-convertible debentures for an amount not exceeding Rs 500 crore on private placement," PVR said in a BSE filing.

The shareholders also approved a dividend of Re 1 on each equity share for FY 2014-15 at its 20th annual general meeting (AGM).

Reappointment of Vicha Poolvalaruk and Renuka Ramnath as directors of the company was also approved at the AGM.

PVR board had last year approved a plan to raise Rs 500 crore through qualified institutional placement (QIP).

Shares of PVR were trading at Rs 804.00, up 0.98 per cent, on the BSE.