Theatre chain PVR Ltd today said its promoter Ajay Bijli has increased his stake in the company to 5.73 per cent following merger of a group firm with itself.
In a filing to the Bombay Stock Exchange, PVR said Bijli had acquired 5.35 per cent stake in the company. He had 0.40 per cent stake in the firm before the transaction, which was carried out on September 10.
The shares were allotted pursuant to a Delhi High Court order following the merger of Leisure World Pvt Ltd (which earlier owned the PVR Anupam Multiplex at Saket in South Delhi) with PVR Ltd, the filing added.
While the financials were not disclosed, the filing said paid up capital of the company has increased to 2,71,23,642 shares after the transaction.
Currently, PVR operates a cinema circuit consisting of 142 screens spread over 18 key cities in India.
It also has partnership with Major Cineplex Group, a leading provider of lifestyle entertainment in Thailand to operate bowling alleys in India under the 'bluO' brand launched in March 2009.