PVR gets shareholders' nod to raise Rs 500 cr via NCDs

Multiplex operator PVR today said its shareholders have approved raising Rs 500 crore through issuance of non-convertible debentures (NCDs) on private placement basis.
Shareholders have approved "subscription of non-convertible debentures for an amount not exceeding Rs 500 crore on private placement," PVR said in a BSE filing.
The shareholders also approved a dividend of Re 1 on each equity share for FY 2014-15 at its 20th annual general meeting (AGM).
Reappointment of Vicha Poolvalaruk and Renuka Ramnath as directors of the company was also approved at the AGM.
PVR board had last year approved a plan to raise Rs 500 crore through qualified institutional placement (QIP).

Shares of PVR were trading at Rs 804.00, up 0.98 per cent, on the BSE.