PVR LTD. - Updates

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09 Jan 2017
PVR Ltd has informed BSE that Mr. Ajay Bijli, Chairman and Managing Director of the Company, had entered into the following reward agreements; (i) agreement dated March 08, 2013 read with the amendment letter thereto dated March 24, 2015 with Multiples Private Equity Fund I Limited; and (ii) agreement dated March 06, 2013 read with amendment letter thereto dated March 24, 2015 with Multiples Private Equity Fund (collectively Multiples). The aforementioned reward agreements are collectively referred to as Reward Agreements.<BR><BR>Pursuant to the Reward Agreements, Multiples set up reward mechanism to incentivize Mr. Ajay Bijli for exceptional performance, where such incentive was linked to the creation of shareholder value as reflected by the share price of the Company.<BR><BR>None of the Reward Agreements are currently subsisting. The Reward Agreements were terminated on December 19, 2016.
View all announcements for PVR LTD.	Source: BSE India

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