New Delhi, March 21 -- PVR Inox share price gained over a percent on Friday. PVR Inox shares rose as much as 1.44% to Rs.974.20 apiece on the BSE.

PVR Inox informed stock exchanges about one of its promoters selling stake in the company. In a regulatory filing on March 20, PVR Inox promoter Nayana Bijli announced that he has sold a decent number of equity shares of PVR Inox Ltd.

"Pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, I am making this disclosure to inform that I have sold 54,000 equity shares of the Company," Promoter Nayana Bijli said.

Promoter Nayana Bijli sold 54,000 PVR Inox shares, representing 0.05% stake in the company, through the open market in two tranches. Bi...