PVR Inox announced that its Rs 300-crore share buyback will open on Thursday, September 10, and close next week on September 17, as India's biggest film exhibitor aims to buy back nearly 21 lakh shares from eligible shareholders at Rs 1,450 per share, which is more than 25% higher than the market price.
The record date for the buyback was fixed on Friday. This means only those shareholders who owned shares of the company on that day would be eligible to tender shares in the offer, and investors taking fresh positions today will not qualify.
