Mutliplex and Distrubutor PVR Ltd said it plans to buyback of equity shares at a price not exceeding Rs 140 per share for a total of Rs 26.22 crore.
The buyback will constitute upto 10% of the company's paid-up equity capital and free reserves, it said in a statement to the exchange. The offer will start off on July 1.
The number of shares to be bought back would be between 5.62 lakh shares (minimum offer shares) and 18.72 lakh shares (maximum offer shares.
Shares of PVR were trading at Rs 104.60 on the Bombay Stock Exchange.
