India's biggest multiplex operator PVR is looking at launching at a qualified institutional placement (QIP) by February to raise about Rs 800 crore, according to sources with direct knowledge.

CNBC-TV18 has learnt that the PVR board had already approved this fundraise and stated that two instruments are what they are looking at -- QIP or placement of shares. They have now zeroed on a QIP and the work has already begun.

Axis Capital, as well as Kotak Investment Banking, are the two banks which have been appointed to take forward this transaction and to raise funds for PVR.

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(Edited by : Abhishek Jha)

First Published:Jan 12, 2021 1:09 PM IST