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| Exchange Disseminated Time | PVR Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 22, 2015, inter alia, has approved the following:
1. Issue of Non Convertible Debentures for a sum not exceeding Rs. 500 Crores subject to approval by the members of the Company in the forthcoming Annual General Meeting.
2. Scheme of Merger of PVR Leisure Limited and Lettuce Entertain You Limited with the Company.
3. Allotment of 50,00,000 Equity Shares @ Rs. 700/- per share of face value Rs. 10/- each equity share at a premium of Rs. 690/- per share aggregating to Rs. 350 Crores on preferential basis to Plenty Cl Fund I Limited, Multiples Private Equity Fund II LLP and Plenty Private Equity Fund I Limited. |
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