Hindi
PVR fixes price cap of buyback at Rs 140 per share
BANGALORE/MUMBAI: PVR has approved the buyback of equity shares and fixed the price cap at Rs 140 per share, a premium of 35 per cent over the company’s closing price today on the BSE.
The multiplex major has also limited the aggregate consideration payable for the buyback at Rs 262.1 million.
The buyback offer, through the open market purchase, would start on 1 July and close on 26 May 2012, 12 months from the date of the resolution passed by the board at its meeting held on 27 May.
The maximum offer size represents 9.99 per cent of PVR’s aggregate paid-up equity share capital as of 31 March, 2011.
The board has fixed a maximum limit of 2.71 million (2,715,000) equity shares that can be bought back, while the minimum limit is of 562,000 shares.
The company said that at the maximum offer price and entire deployment of the maximum offer size, the number of equity shares that can be bought back would be 1.87 million shares, representing 6.90 per cent of the company‘s total paid-up equity share capital.
As of 31 March, the promoters hold 42.64 per cent stake in PVR.
PVR shares closed at Rs 104.25, down 1.18 per cent on BSE today.
Hindi
Rashmika Mandanna, Shanaya Kapoor and Naila Grrewal climb IMDb’s Indian celebrity rankings
Upcoming films and returning shows are driving fan interest across Bollywood and streaming
MUMBAI: Bollywood’s popularity contest has a new weekly scorecard, and the numbers are telling. IMDb’s Popular Indian Celebrities list for this week places Shanaya Kapoor at number six, buoyed by buzz around her film Tu Yaa Main. Naila Grrewal slots in at seven on the back of the returning comedy series Maamla Legal Hai, while Rashmika Mandanna climbs to eighth, riding mounting anticipation for Cocktail 2.
The list, available exclusively on the IMDb app for Android and iOS, tracks trending Indian entertainers and filmmakers each week, drawing on data from more than 200m monthly visits to the platform worldwide.
Further down the rankings, Raaka is keeping two of its biggest names in the spotlight. Deepika Padukone holds 11th position, with Allu Arjun close behind at 13th, as the film continues to find traction with audiences.
The list offers fans a weekly pulse on who is breaking through, who is holding steady, and who is fading. It is a barometer as unsparing as the box office itself.
