India: Sebi asks PVR to explain promoters’ profit-sharing with PE investors

India: Sebi asks PVR to explain promoters’ profit-sharing with PE investors

Visual taken from the PVR website. August 2015

The Securities and Exchange Board of India (Sebi) has asked PVR Ltd to explain a profit-sharing deal struck by its promoters with private equity investors that was not disclosed to its shareholders, said two people with direct knowledge of the matter, asking not to be identified.

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