News Broadcasting
PVR fixes IPO price band at Rs 200-240
MUMBAI: Multiplex cinema operator PVR Limited has announced the price band of Rs 200 to Rs 240 for its forthcoming initial public offering (IPO) of 7,700,000 equity share of Rs 10 each at a price to be determined through the book building process.
The issue comprises a fresh issue of 5,700,000 equity shares by the company and an offer for sale of 2,000,000 equity shares by The Western India Trustee and Executor Company Limited, in its capacity as a trustee of India Advantage Fund – I, a trust registered under the Indian Trusts Act, 1882, acting through its investment manager, ICICI Venture Funds Management Company Limited.
The IPO comprises a net issue to public of 7,250,000 equity shares, a reservation of another 150,000 equity shares for allotment to employees on a proportionate basis, subject to a maximum bid amount of Rs 2,500,000 by any employee and contribution from one of the promoters, Priya Exhibitors Private Limited of 300,000 equity shares brought in at least one day prior to the bid/ issue opening date, states an official release.
Of the net issue to public, the company proposes to reserve up to 50 per cent or upto 3,625,000 equity shares for allotment to the qualified institutional buyers, including Mutual Funds, on a proportionate basis. Out of this reserved portion, 5 per cent or 181,250 equity shares have been exclusively reserved for allotment to Mutual Funds on a proportionate basis and the remainder is reserved for allotment to all QIBs, including Mutual Funds, the release adds.
Of the balance, at least 15 per cent of the net issue to the public or 1,087,500 equity shares would be allotted to non-institutional investors on a proportionate basis and at least 2,537,500 equity shares, which works out to at least 35 per cent of the net issue to the public, are reserved for allotment be allotted to retail investors on a proportionate basis.
The proceeds from the IPO would be utilised, among other things, to finance new cinema projects, expand film distribution business, technological upgradation and renovation of cinemas. The company plans to set up cinemas in Mumbai, Hyderabad, Delhi, Indore, Gurgaon, Lucknow, Chennai, Ludhiana, Aurangabad and Latur.
News Broadcasting
Kamlesh Singh receives Haldi Ghati Award from MMCF
India Today Group editor honoured for three decades of journalism at Udaipur ceremony.
MUMBAI- Kamlesh Singh just turned a lifetime of sharp words into a shiny shield because when journalism wakes up a society, even the Maharana of Mewar wants to pin a medal on it.
The Maharana of Mewar Charitable Foundation (MMCF) conferred its prestigious Haldi Ghati Award on Kamlesh Singh, a senior editor at the India Today Group, during a ceremony in Udaipur on 15 March 2026. The national award, instituted in 1981-82, recognises “work of permanent value that initiates an awakening in society through the medium of journalism.”
Singh, who leads several editorial initiatives including Aaj Tak Radio, the Teen Taal community and The Lallantop, was presented the honour by Lakshyaraj Singh Mewar, Managing Trustee of MMCF. The citation highlighted his three decades of contributions to Indian media, innovations in digital journalism, mentoring young reporters, and his popular podcast persona “Tau” on Teen Taal, which fosters thoughtful public discourse.
The Haldi Ghati Award, named after the historic Battle of Haldighati symbolising valour and resilience, is one of four national awards given annually by MMCF. Past recipients include Tavleen Singh, Piyush Pandey and Raj Chengappa.
Other honourees this year included Padma Vibhushan Pt Hari Prasad Chaurasia, Vedamurti Devvrat Rekhe, Treeman of India Marimuthu Yoganathan, Vir Chakra Capt Rizwan Malik, and US-based researcher Molly Emma Aitken, who received the Colonel James Tod Award for contributions to understanding Mewar’s spirit and values.
In an era where headlines often shout louder than substance, the MMCF quietly reminded everyone that real journalism isn’t about noise, it’s about the quiet, persistent work that stirs society awake, one thoughtful story at a time.
