PVR offers ESOPS to employees

MUMBAI: The Gurgaon-based multiplex chain PVR Ltd, which is also into exhibition, distribution and co-production, has allotted 98,500 equity shares of Rs 10 each to its employees.


Says the company’s head of distribution Prakhar Joshi, “The shares were allotted under the employees’ Stock Option Scheme. Also, interim dividend of 10 per cent for the financial year 2006 – 2007 has been declared. On the distribution front, we have acquired national rights for Hollywood films Sky Fighter and Hannibal Rising, which we will be releasing shortly.”


PVR operates 80 screens in Delhi, Gurgaon, Mumbai, Hyderabad, Indore and Lucknow. The company’s net sales have risen to Rs 395.4 million (Rs 39.54 crore) compared to Rs 240.8 million (Rs 24.08 crore) a year ago.

Ashok Anchan

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