PVR Ltd has been planning to raise up to Rs 250 crore through issuing non-convertible debentures for funding various activities including acquisitions.

The company is seeking approval from shareholders to approve the matter at its annual general meeting that is going to be held on September 29.

PVR Ltd has said in a BSE filing that “Based on the needs of funds, the company may issue fresh non-convertible debentures (NCDs) for a sum not exceeding Rs 250 crore for inorganic growth opportunities, for capital expenditures, to refinance the high cost of borrowings and for corporate and all other business needs of the company.”

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