PVR INOX Limited has announced a proposed buyback of up to 20,68,965 equity shares, representing approximately 2.11% of its total paid-up equity share capital. The buyback will be conducted through the tender offer route at a price of ₹1,450 per share, amounting to a maximum aggregate consideration of ₹300 crore. The buyback period is set to open on September 10, 2026, and close on September 17, 2026.
PVR INOX Announces Share Buyback
PVR INOX Limited has initiated a significant share buyback program, approved by its Board of Directors. The company plans to repurchase up to 20,68,965 fully paid-up equity shares, each with a face value of ₹10. This represents approximately 2.11% of the company’s total paid-up equity share capital as of March 31, 2026.
Buyback Details
The buyback will be executed via a tender offer process at a price of ₹1,450 per equity share (the “Buy-back Price”), payable in cash. The maximum aggregate amount earmarked for the buyback is ₹300,00,00,000 (INR 300 crore), excluding transaction costs. This buyback size represents approximately 4.09% and 4.07% of the company’s fully paid-up equity share capital and free reserves, based on its latest audited financial statements as of March 31, 2026.
Timeline and Entitlement
The buyback offer will open on Thursday, September 10, 2026, and close on Thursday, September 17, 2026. The Record Date for determining eligible shareholders and their entitlement is set as Friday, September 4, 2026. The company has reserved a portion of the buyback for small shareholders, offering an indicative ratio of 9 equity shares for every 157 equity shares held. For other eligible shareholders, the ratio is 21 equity shares for every 1,108 equity shares held.
Regulatory Compliance
The buyback is being undertaken in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, along with other applicable laws. The company has confirmed that it has adequate financial resources and has obtained necessary approvals.
Source: BSE
