Warburg Pincus buys 14% stake in PVR for Rs 820 cr

Warburg bought stake from affiliates of PE firm Multiples Alternate Asset Mgmt and PVR's founders

Global private equity firm Warburg Pincus on Wednesday announced its affiliates have acquired an equity stake of 14 per cent in multiplex chain PVR for about Rs 820 crore. 

The stake is being acquired from affiliates of private equity firm Multiples who will remain a long-term investor with a 14 per cent equity stake and the current promoters, who will continue to drive the business and remain the largest shareholders with a shareholding greater than 20 per cent.

Ajay Bijli, chairman and managing director (MD), PVR, said, “This is a liquidity event to accommodate investment by Warburg Pincus, and both Renuka and