In a major boost to the film and entertainment industry, PVR-Inox merger has been approved by the National Company Law Tribunal. The NCLT judge has approved the scheme of merger in a verbal order. A written order is likely to be passed in the next 15-20 days. On March 27, PVR and Inox Leisure announced their merger, which has already been approved by their respective shareholders, creditors as well as leading bourses NSE and BSE.
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