• SENSEX
    NIFTY 50
VIDEOS
Business

PVR to launch QIP in February to raise Rs 800 crore

Updated : January 12, 2021 01:10 PM IST

India's biggest multiplex operator PVR is looking at launching at a qualified institutional placement (QIP) by February to raise about Rs 800 crore, according to sources with direct knowledge.

CNBC-TV18 has learnt that the PVR board had already approved this fundraise and stated that two instruments are what they are looking at --  QIP or placement of shares. They have now zeroed on a QIP and the work has already begun.

Axis Capital, as well as Kotak Investment Banking, are the two banks which have been appointed to take forward this transaction and to raise funds for PVR.

Watch the video for more
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement