PVR Inox Shares Slide 7% as Buyback Record Date

PVR Inox share price falls 8% in trade today: What triggered the sharp sell-off in the multiplex stock?

PVR Inox shares fell 8% on September 7 due to an internal investigation into alleged kickbacks related to property construction. The decline followed the end of a share buyback record date and raised concerns about ongoing allegations against the company amid an ambitious expansion strategy.

PVR Inox shares slide 7% as buyback record date

Investors who purchased shares ahead of that date to participate in the buyback are now exiting positions, a pattern typical of post-record-date trading in buyback stocks

PVR Inox Shares Fall 8% on Kickback Probe Report

PVR Inox shares fell as much as 8% intraday, hitting a low of Rs 1,125.70, after reports of an internal probe into alleged kickbacks. According to a report, the payments in question were allegedly received by developers involved in building out PVR Inox’s cinema properties, spread across several years and...