At meeting held on 16 November 2017
The Board of PVR at its meeting held on 16 November 2017 approved the proposed investment and the strategic partnership between PVR and iPic- Gold Class Entertainment, America's premier luxury restaurant-and-theatre company, which will give PVR valuable exposure in the cinema exhibition market in USA. The completion of the proposed investment is subject to relevant corporate and regulatory approval.iPic has previously announced its intention to file a Regulation A+ Initial Public Offering. iPic has agreed to appoint, Ajay Bijli, Chairman and MD of PVR, to its board of directors up on completion of its IPO.
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