Mumbai: The board of the multiplex chain operator PVR Ltd on Friday approved a capital raising plan that could see the company raise up to Rs800 crore, the company said in a stock exchange filing.The company will look to raise the capital through a so-called qualified institutional placement offering or a preferential allotment, the filing said.In August, PVR raised Rs300 crore through a rights issue.
Last month, its competitor, Inox Leisure Ltd had raised Rs250 crore through a QIP.The plans to raise capital comes as theatres were allowed to open across the country from October, after having been shut since end of March, when lockdown restrictions were imposed to curtail the spread of the covid-19 pandemic.