PVR INOX buyback 2026: ₹300 crore tender at ₹1,450 price

Buyback offer opens September 10 and closes September 17

PVR INOX Limited has opened a ₹300 crore share buyback offer for eligible shareholders. The tender offer is scheduled to open on Thursday, September 10, 2026, and close on September 17, 2026. The company, India’s biggest film exhibitor, is proposing to repurchase nearly 21 lakh equity shares.

The buyback price has been fixed at ₹1,450 per share. Reports around the announcement noted the price is more than 25% higher than the market price at the time of the update. Separately, it was also described as a 20% premium over the price on the board meeting date.

What PVR INOX is buying back and at what price

Under the proposal, PVR INOX plans to buy back up to 20,68,965 fully paid-up equity shares. Each equity share has a face value of ₹10. The buyback will be executed at a fixed price of ₹1,450 per share, payable in cash.

The aggregate amount for the repurchase is capped at ₹300 crore. The company has said the transaction will be carried out through the tender offer route using the stock exchange mechanism, and will be available to eligible shareholders on a proportionate basis.

Record date: September 4, 2026, decides eligibility

PVR INOX has set September 4, 2026, as the record date to determine which shareholders can participate. This means only shareholders who held PVR INOX shares as of the record date are eligible to tender shares in the buyback. Investors who take fresh positions after the record date will not qualify.

The company has also highlighted the T+1 settlement cycle context, with September 3, 2026, being the last day to purchase shares to be eligible. Market participants typically track this cutoff closely because eligibility is tied to settled ownership as of the record date.

Board approval and first buyback after the merger

The buyback was approved by the company’s Board of Directors on August 31, 2026. PVR INOX has positioned this as its first share buyback since the merger of PVR Cinemas and INOX Leisure. The proposal is structured as a tender offer, where eligible investors can tender shares up to their entitlement.

The company has informed stock exchanges through multiple updates connected to the buyback process. These included an intimation about the board decision and subsequent communications related to the public announcement.

Public announcement and newspaper publications

PVR INOX informed exchanges that it published the public announcement of the buyback on September 2, 2026. The advertisements were carried in Business Standard (English, all editions), Business Standard (Hindi, all editions), and Navshakti (Marathi, Mumbai edition). The publication was made pursuant to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended.

The company also submitted a copy of newspaper publications dated September 4, 2026, to the stock exchange. In a separate update, PVR INOX also issued a corrigendum to its public announcement relating to the notice to eligible shareholders in newspapers.

How much of equity is being repurchased

As disclosed, the buyback covers up to 20,68,965 equity shares, which represents 2.11% of the company’s total paid-up equity share capital. The buyback size is also described as representing 4.09% and 4.07% of the aggregate of the company’s fully paid-up equity share capital and free reserves, based on its FY26 audited financial statements. Another reference described it as about 4.1% on the same basis.

These percentages are typically tracked to understand the scale of the repurchase relative to the company’s capital base and reserves. Since the buyback is capped at ₹300 crore, the actual number of shares accepted can be impacted by the total shares tendered and the proportionate acceptance.

Shareholder entitlement ratios for small and general categories

PVR INOX has disclosed entitlement ratios under the tender offer. For eligible shareholders in the reserved category for small shareholders, the entitlement is 9 equity shares for every 157 equity shares held as on the record date (September 4, 2026). For shareholders in the general category, the entitlement is 21 equity shares for every 1,108 equity shares held on the record date.

Entitlement indicates the number of shares that a shareholder can tender under the buyback based on their holdings on the record date. Final acceptance can depend on the overall response in each category because tender offers are processed on a proportionate basis.

Key buyback details at a glance

Entitlement table for eligible shareholders

What investors typically track during a tender offer window

With the tender window running from September 10 to September 17, investors eligible as of the record date will track how many shares they can tender based on entitlement. They will also watch for official exchange filings and the post-offer outcomes once the company completes the buyback process under the regulations.

For investors who were considering new purchases, the record date rule is central because buying after September 3 (the last eligible purchase date cited under T+1) would not make a shareholder eligible for this offer. The next key updates generally come through stock exchange disclosures around completion steps, but the company’s confirmed schedule currently centers on the September 10 to September 17 tender period.

Why this buyback matters in the context of FY26 disclosures

The buyback size is explicitly linked to the company’s FY26 audited financial statements in the disclosures, with the size described as roughly 4.1% of paid-up equity capital and free reserves on that basis. This provides a standardized way for shareholders to compare the buyback’s scale with other corporate actions.

Since this is PVR INOX’s first buyback since the merger of PVR Cinemas and INOX Leisure, it is also a notable corporate action in the post-merger timeline. The main confirmed facts remain the price, size, number of shares, record date, and the tender offer schedule.