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PVR INOX Approves Rs 300 Cr Share Buyback at Rs 1,450

PVR INOX logoPVR INOX
Sig2.78Sen+2.60Env0.00Soc0.00Gov+1.10

PVR INOX’s board approved a share buyback of up to Rs 300 crore, offering tendered shares at Rs 1,450 each through the stock exchange tender offer route. The company will repurchase up to 20,68,965 equity shares on a proportionate basis for a cash consideration, excluding taxes and transaction costs. The offer price implies about a 20.2% premium to Monday’s close.

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