PVR Inox’s Rs 300-crore buyback opens on Sept 10: Check buyback price, key dates, entitlement ratio

PVR Inox announced that its Rs 300-crore share buyback will open on Thursday, September 10, and close next week on September 17, as India's biggest film exhibitor aims to buy back nearly 21 lakh shares from eligible shareholders at Rs 1,450 per share, which is more than 25% higher than the market price.

The record date for the buyback was fixed on Friday. This means only those shareholders who owned shares of the company on that day would be eligible to tender shares in the offer, and investors taking fresh positions today will not qualify.

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Key things to know about PVR Inox’s buyback

Under PVR Inox's buyback offer, eligible shareholders in the reserved category for small shareholders are entitled to tender 9 equity shares for every 157 equity shares held as on the record date (September 4). For shareholders falling under the general category, the buyback entitlement has been fixed at 21 equity shares for every 1,108 equity shares held on the record date.

Buyback of shares refers to a corporate action where a company repurchases its own shares from the existing shareholders. Usually, the company purchases the shares at a higher price than the current levels, encouraging investors to participate. Notably, PVR Inox has said that its promoters and promoter groups have indicated their intention to participate in the buyback. They can tender a maximum of 5.69 lakh shares.

How can you participate in PVR Inox’s buyback?

PVR Inox shareholders may choose to participate, in full or in part, and receive cash on behalf of the shares they tender and get accepted in the buyback process. They can place a bid through a stock broker registered with the BSE via a separate window that will open up on the stock exchange. The registrar will complete the verification of tendered shares by September 21. Thereafter, the final acceptance or rejection of shares tendered under the buyback will be communicated to the stock exchanges by September 23. The payment will be made to the eligible shareholders by September 24.

After the buyback, PVR Inox will return the unaccepted shares by September 24, as per the schedule shared by the company in its exchange filing.

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PVR Inox share price

PVR Inox shares sharply rallied more than 7% on Tuesday to trade at Rs 1,243 apiece on NSE. The stock has jumped 22% in 2026 so far and 11% in one year.

In the longer term, PVR Inox shares delivered negative returns of more than 33% in three years and 8.5% in five years.

Disclosure: "This article has been written by Debaroti Adhikary, who is not a Sebi-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment."