The Rs 300 crore share buyback of PVR Inox opens on Thursday, with India's biggest film exhibitor set to buy back nearly 21 lakh shares from eligible shareholders at Rs 1,450 per share.
PVR Inox’s buyback via the tender route will remain open from September 10 to September 17. The record date for the buyback was scheduled for last Friday. This means only those shareholders who owned shares of the company on that day are eligible to tender shares in the offer, and investors taking fresh positions today will not qualify.