New Delhi, Aug 3 (PTI) Leading multiplex operator PVR's rights issue has been oversubscribed, according to data available with stock exchanges.

Its rights issue opened on July 17 and closed on July 31.

Also Read | Mi 10th Anniversary Event 2020: Xiaomi Likely to Launch Mi 10 Pro Plus & New Products on August 11.

According to issue subscription data, PVR proposed to issue 38.23 lakh equity shares.

The company's board had fixed rights issue price at Rs 784 per equity share, including a premium of Rs 774 a share over face value of Rs 10 per share.

Also Read | Google Pixel 4a Prices Along With Specifications Leaked Ahead of Its Launch.

According to exchange data, it received total bids for 47.90 lakh shares by the time of closure of offer on July 31, including non ASBA (Application Supported by Blocked Amount) bids.

Earlier on July 6, the board of the PVR had approved to raise funds worth Rs 300 crore by rights issues through issuance of equity shares of face value of Rs 10 each on rights issue basis.

For the January-March quarter, PVR had reported a consolidated net loss of 74.61 crore. Its revenue from operations was down to Rs 645.13 crore during the quarter from Rs Rs 837.63 crore in the corresponding period of the last fiscal.

Shares of PVR Ltd on Monday settled at Rs 1,088.30 per unit on the BSE, up 0.35 per cent from the previous close.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)