Meanwhile, the S&P BSE Sensex was up 108.05 points, or 0.56%, to 19,285.98.
On BSE, 759 shares were traded in the counter as against an average daily volume of 1,120 shares in the past one quarter.
The stock had hit a record high of Rs 202.65 on 8 January 2013. The stock had hit a record low of Rs 55.05 on 18 October 2012.
The stock had outperformed the market over the past one month till 14 June 2013, rising 36.20% compared with the Sensex's 2.76% fall. The scrip had also outperformed the market in past one quarter, rising 3.05% as against Sensex's 2.01% fall.
The small-cap company has an equity capital of Rs 14 crore. Face value per share is Rs 5.
The board of directors of PVR on Saturday, 15 June 2013, approved the scheme of amalgamation for the merger of Cine Hospitality and Cinemax India with PVR. As per the swap ratio, shareholders of Cinemax India will get 4 shares of PVR for every 7 shares held in Cinemax India.
More From This Section
Multiplex cinema chain operator PVR in November 2012 acquired promoters' entire stake in rival Cinemax India. PVR later raised its stake in Cinemax India via a mandatory open offer. PVR holds 93.19% stake in Cinemax India through its wholly-owned subsidiary Cine Hospitality (as per the shareholding patter as on 31 March 2013).
Cinemax India's consolidated net profit declined 46.99% to Rs 8.38 crore on 0.85% growth in net sales to Rs 113.35 crore in Q3 December 2012 over Q2 September 2012.
Powered by Capital Market - Live News