Cyril Amarchand Mangaldas advised PVR INOX Limited (the “Company”) as legal counsel in connection with the Company’s buyback of up to 20,68,965 fully paid-up equity shares, representing 2.11% of the Company’s total paid-up equity share capital. The buyback is being undertaken from all eligible shareholders on a proportionate basis through the tender offer route, at a price of INR 1,450 per equity share, payable in cash, for an aggregate amount not exceeding INR 300,00,00,000 (Indian Rupees Three Hundred Crores only).
The transaction was led by Akila Agrawal, Senior Partner; Mukul Sharma, Partner; with support from Rohit Maheshwary and Harshit Goyal, Senior Associates.
Shreya Teewari, Principal Associate; and Devarshi Mohan, Associate; provided assistance on certain aspects of the transaction.
