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PVR Called Meeting Before Merger with INOX Leisure: PVR, which operates multiplex chain, has called a meeting of shareholders and creditors today to approve the merger plan with INOX Leisure. The Mumbai bench of the National Company Law Authority (NCLT) had directed PVR to convene a meeting on August 22. After this the company has taken this decision.
PVR told the stock exchanges that according to the order of NCLT received on September 5, a meeting of shareholders has been called on October 11 through online or other audio medium. This meeting will be held on Tuesday at 11:30 am. Information in this regard was sent to all the investors.
Meeting with permanent creditors will also be held today
The meeting of the permanent creditors of the company will be held today itself at 3 pm at the registered office of PVR in Mumbai. Both PVR and Inox Leisure said in June 2022 that they had received approval from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for their merger.
Right issue of Suzlon Energy will open today
On the other hand, apart from PVR and Inox Leisure, another news that investors will keep an eye on is Suzlon Energy’s rights issue of Rs 1,200 crore will open today. Investors were waiting for this for many days. The company has said in its statement regarding this that Suzlon Energy Limited has announced to open its rights issue of Rs 1,200 crore on October 11, 2022. According to the statement, the company will issue up to 2.40 crore partially paid-up equity shares at a price of Rs 5 per share. In this way, from this share sale, the company will raise Rs 1,200 crore from the market. The issue will be in the proportion of five rights issue shares on 21 fully paid-up shares held by eligible shareholders as on the record date on October 4.
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