PVR plans to raise up to Rs 250 crore via NCDs

Multiplex major PVR Ltd on Thursaday said it is looking to raise up to Rs 250 crore through issuance of non-convertible debentures (NCDs).

"A meeting of the board of directors of the company will be held on July 29, 2016... To recommend for the approval of members for the issue of non-convertible debentures for a sum not exceeding Rs 250 crore," PVR Ltd said in a BSE filing.

The company, however, did not specify on what it intends to do with the money.

The stock was trading 1.12% higher at Rs 1,093.25 on BSE.