PVR Inox Board Approves Rs. 300 Crore Share Buyback At Rs. 1,450 Per Share; Check Record Date And Process
Business
PVR Inox’s board has approved a proposal to buy back up to 20,68,965 fully paid-up equity shares at Rs. 1,450 apiece, for an aggregate amount of up to Rs. 300 crore, payable in cash. The buyback will be carried out through the tender offer route on a proportionate basis, as per SEBI’s Buy-Back of Securities regulations. This marks the company’s first-ever share buyback since the PVR-Inox merger.
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The buyback size represents approximately 4.09% of the company’s fully paid-up equity share capital and 4.07% of its free reserves, based on the audited financial statements for the year ended March 31, 2026. The approved size excludes transaction-related expenses such as brokerage, applicable taxes, securities transaction tax, GST, stamp duty, filing fees, legal and advisory charges, intermediary fees, and public announcement and printing costs.
