India's PVR Inox climbs after share buyback approval
01/09/2026 08:25
BUZZ-India's PVR Inox climbs after share buyback approval ** Shares of India's PVR Inox PVRL.NS rise as much as 3% to 1,244 rupees; stock last up 1.7%
** Multiplex operator approves buyback of up to 2.07 million shares at 1,450 rupees/share for aggregate amount of up to 3 billion rupees ($31.6 million) - a 20.1% premium to last close
** Record date set for Sept 4 to determine shareholders eligible to participate in buyback
** Stock rated "buy" on average by 16 analysts; median PT is 1,350 rupees - LSEG-compiled data
** Stock up 21% YTD
($1 = 94.8850 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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