Film exhibitor and distributor PVR today said it plans to buy back shares entailing an outgo that will not exceed 10% of its paid up equity share capital and free reserves.
In a filing to the Bombay Stock Exchange, PVR said a meeting of the board will be held on May 27, 2011 to consider the proposal for buyback of shares for a sum not exceeding 10% of its paid up equity share capital and free reserves.
The details of the buyback were, however, not available.
Shares of the company ended the day at Rs 96.90 a piece, down 0.56% from its previous close on the BSE.