Saturday, January 03, 2015

Do you know? 
Photo: The Hindu
PVP Ventures Ltd is relatively (almost) a debt-free company. The entire Binny Mills (commercial property at its 70-acre land-parcel  in the heart of Chennai / Madras) is owned by the company. It has executed a joint development agreement with Arihant Foundations, which is a Chennai based company, and Unitech Ltd where they both have formed a joint venture and developing this land for  PVP Ventures Ltd. It also has an asset based in Hyderabad as well. Its Rs 406 crore debentures were subscribed by Prasad Potluri, CMD, PVP Ventures, through his holding companies and a portion of that, Rs 273 crore was set to be convertible to equity of PVP Ventures at Rs.204 a share on January 22, 2011. PVP Ventures Ltd is currently, India's largest film financier.  The Times of India, September, 14, 2014 writes: 
Having run a software services firm AlbionOrion Corporation from the US, Potluri sold his business to the Kalpathi family-controlled SSI for $63 million in 2000. In 2007, he re-entered the Chennai scene with another transaction with the Kalpathis. Potluri raised eyebrows in business circles, when he purchased the 70-acre Binny Mills property from the Kalpathis for Rs.850 crore. In 2008, PVP ventures sold its hotel property in Ooty through its subsidiary AGS Hotels and Resorts to Mahindra Holidays for Rs.33 crore. In 2011, the company sold its 90-ground prime property at Vadapalani in Chennai to education group SRM for Rs.140 crore.
In 2009, Nirmal Bang, an equity research firm gave a target of Rs.60, for the scrip of PVP Ventures Ltd. The market cap of the company at the CMP of Rs.8.13 is only around Rs.199.23 Cr. The Book Value of the shares of the company is Rs.26.99. 
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