PVR INOX Shares Tumble as Promoter Ajay Bijli Pledges 4 Lakh Shares

• PVR INOX shares dropped nearly 2% to ₹994.60 on Tuesday after promoter Ajay Bijli pledged 4 lakh equity shares.
• The pledge, made on December 24, includes 3,10,407 shares to Infina Finance Private Limited and 90,037 to HSBC InvestDirect Financial Services (India) Limited.
• The company clarified that the encumbrance was created for Ajay Bijli's personal borrowing purposes.
• This share decline comes as PVR INOX stock has already fallen about 25% over the past year.
• Separately, PVR INOX recently launched India’s highest cinema site in Leh-Ladakh, a two-screen multiplex at 11,500 feet.

Why It Matters: PVR INOX shares fell after promoter Ajay Bijli pledged shares for personal borrowing, amidst a challenging year.