2 days ago
PVR INOX Approves ₹300 Crore Buyback at ₹1,450
PVR INOX, which operates movie theatres, plans to buy back some of its own shares.
It will offer ₹1,450 for each of up to 20.68 lakh shares.
The total amount spent can be as much as ₹300 crore.
Shareholders will be assessed for eligibility based on their holdings on 4 September 2026.
The company’s promoters also plan to take part.
The buyback comes after PVR INOX shares recently recovered from earlier losses.
The company also became profitable in the June quarter.
It said more movie releases and new screens could support its business.
PVR INOX approved its first buyback of up to 20.68 lakh shares at ₹1,450 each.
The cash buyback will total up to ₹300 crore, excluding transaction costs and expenses.
Shareholders must hold shares on the 4 September 2026 record date to determine eligibility.
Promoters and promoter-group members have indicated their intention to participate.
PVR INOX reported a ₹56.5 crore June-quarter profit, up from a ₹47.3 crore loss a year earlier.
- Who
- PVR INOX and its shareholders, including promoters and promoter-group members.
- What
- The company’s board approved a buyback of up to 20.68 lakh fully paid-up equity shares at ₹1,450 per share.
- Where
- The buyback will use the tender-offer route through the stock exchange mechanism; PVR INOX operates in India and Sri Lanka.
- When
- The approval was announced on Monday, 31 August; 4 September 2026 is the record date for eligibility.
- Why
- The company said the buyback would be conducted under applicable Securities and Exchange Board of India regulations; the announcement follows improved financial performance and a recent share-price recovery.
Key facts
- Buyback size
- Up to 20.68 lakh equity shares
- Buyback price
- ₹1,450 per share
- Maximum consideration
- ₹300 crore, excluding transaction costs and related expenses
- Premium
- The buyback price is 20% above the Monday closing price of ₹1,207
- Record date
- Friday, 4 September 2026
- June-quarter profit
- ₹56.5 crore in FY27, compared with a ₹47.3 crore loss in the corresponding quarter
- Operating footprint
- 1,779 screens across 113 cities in India and Sri Lanka as of 30 June 2026
Sources
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