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PVR Cinemas promoters pledge 11.41 per cent stake

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Mumbai: 

Bijli Holdings, owners of PVR Cinemas, today said it has pledged 32.93 lakh shares or 11.41 per cent in the film exhibitor to L&T Finance.

"Bijli Holdings has created pledge against 32.93 lakh shares of PVR on November 27, 2012 in favour of L&T
Finance Limited to secure financial facility...", PVR Cinema said in a filing to stock exchanges.

It was yesterday incorrectly reported that L&T Finance had picked up 11.4 per cent stake in the PVR limited.

L&T Finance is a subsidiary of Larsen and Toubro Finance Holdings. It was incorporated as a Non-Banking Finance Company in November 1994.

PVR Ltd is a cinema exhibitor with presence in about 24 cities including all the four metros, according to information available on its website.



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