New Delhi, Sept. 7 -- PVR Inox shares came under heavy selling pressure on Monday, September 7, with the stock plunging 8% during intraday trading on the BSE. The sharp decline came amid reports of an internal investigation at the multiplex chain into alleged kickbacks involving developers associated with cinema property construction.

PVR Inox share price fell as much as 8% to Rs.1,128.50 apiece on the BSE. The sell-off also came shortly after the company's record date for its recently announced share buyback ended, putting the spotlight on both the reported allegations and the company's Rs.300 crore buyback programme.

According to a report by Economic Times, PVR Inox had conducted an internal investigation into alleged payments receive...