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Current focus is on restarting and generating positive cash flows, says PVR

Updated : August 11, 2020 10:44 PM IST

Leading multiplex operator PVR Ltd on Tuesday said the company is currently focussing on restarting the business and generating positive cash flows.

In an interview to CNBC-TV18, Nitin Sood, chief financial officer, said, "It was a very successful rights issues, we completed it with almost a 2.24x over subscription. We now have enough liquidity on the balance sheet to tide us through the end of the financial year."

"Money will be largely be used for meeting the working capital needs of the business and some debt obligations that may come up for repayment," Sood said.
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