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PVR INOX asks senior executive to leave after alleged ₹200 crore kickbacks probe

PVR INOX logoPVR INOX
Sig3.18Sen-4.37Env0.00Soc-0.48Gov-7.08

PVR INOX asked a senior executive to leave in April after an internal investigation into alleged kickbacks from developers building cinema properties. The payments reportedly occurred over several years and could total up to ₹200 crore, with the executive closely connected to the company’s promoters. The matter may also draw scrutiny on co-promoters Ajay and Sanjeev Bijli as the company looks to add 1,000 screens and has approved a ₹300-crore share buyback.

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