Company Profile

PVR’s board has approved the fund raising of up to Rs 300 crore through issuance of equity shares of face value of Rs 10 each (Equity Shares) on rights issue basis (as decided by the Board of Directors or the Fund Raise Committee) to the eligible equity shareholders of the company. The board of directors of the company, in its meeting held on June 8, 2020, has approved the same.

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.

PVR is currently trading at Rs. 1100.00, down by 59.50 points or 5.13% from its previous closing of Rs. 1159.50 on the BSE.

The scrip opened at Rs. 1128.20 and has touched a high and low of Rs. 1161.00 and Rs. 1093.00 respectively. So far 189311 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2121.00 on 20-Feb-2020 and a 52 week low of Rs. 719.50 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 1349.00 and Rs. 981.75 respectively. The current market cap of the company is Rs. 5771.13 crore.

The promoters holding in the company stood at 18.54%, while Institutions and Non-Institutions held 73.04% and 8.42% respectively.

PVR has cut salary across various levels, laid off employees and deferred increments during the lockdown to mitigate adverse impact of COVID-19 on the business. The company at present not generating any revenue from exhibition business and related activities as cinemas across the country are shut following the directions from the regulatory authorities.

According to the company, closure of screens during the lockdown will have a significant negative impact on profitability and liquidity. The company has taken measures to reduce its personnel cost, including salary cuts across various levels in the organisation during the lockdown along with 'reduction in headcount by way of layoffs/retrenchment' to mitigate the adverse impact of COVID-19 on the business.

PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.

RITES has received an order for Consultancy Services for preparation of Detailed Project Report and providing Pre-Construction activities for construction of highway tunnels across certain sections on Darcha-Padam road (NH-301) including approaches in Himachal Pradesh & Ladhak from National Highways & Infrastructure Development Corporation (NHIDCL). The company is a Joint Venture partner in the said project and its fee is approximately Rs 55 crore.

Gayatri Projects has received letter of award (LoA) for construction of Lagaon Group of Villages Water Supply Scheme, District-Lalitpur, Uttar Pradesh and relevant works including commissioning and operation maintenance for 10 years. The LoA was received from State Water and Transmission Mission, Namami Gange and Rural Water Supply Department, Lucknow. Of the total project cost of Rs 145.53 crore, Rs 17.61 crore is for operation and maintenance of the scheme for 10 years.

Affle (India) through its subsidiaries (Affle), has signed definitive agreements to acquire full control of Appnext, Singapore and 100% IP of Appnext app discovery and recommendation platform with immediate effect. Affle will initially acquire 66.67% equity ownership in Appnext Singapore, with a clear path to acquire 100% equity ownership upon attainment of mutually agreed growth targets.

PVR’s board has approved the fund raising of up to Rs 300 crore through issuance of equity shares of face value of Rs 10 each (Equity Shares) on rights issue basis (as decided by the Board of Directors or the Fund Raise Committee) to the eligible equity shareholders of the Company. The board of directors of the company, in its meeting held today June 8, 2020, has approved the same.

Satra Properties India has duly resume its operations and working at its Project site with effect from June 8, 2020 and the company is taking appropriate measures to ensure the safety, hygiene and well-being of all it employees and workers in compliance with the directives/circulars issued by Government.

Infosys has partnered with Celonis, a market leader in AI-enhanced process mining and process excellence software, to transform ERP modernization and business process optimization. This new partnership will enable customers to embark on long term transformation projects with significant operational savings, overcoming challenges typically associated with crowded technology landscapes, blends of legacy and homegrown systems, and operational silos that threaten digital transformation agendas. 

HDFC Bank has added 2.5 lakh new customers in the last 40 days through an online facility which helps open savings accounts instantly. The account is created using a ‘limited know your customer (KYC)’ requirement provision, and the customer has a year’s time after the instant account opening to update full details. Most of the accounts which have been opened are from containment zones and red zones in metros and urban areas.