NCLT gives Approval for Merger of Multiplex Operators PVR and Inox

The merger of PVR-INOX has been much talked about since 2022. It must be noted that being the country’s top multiplexes, both INOX and PVR were also front-running competitors. The two companies’ boards — the country’s largest multiplex chain operators — approved an all-stock merger to create a film exhibition entity with a network of more than 1,500 screens. The share-swap ratio in the merger stands at three shares of PVR for 10 shares of Inox — which means investors will get three shares of PVR for every 10 INOX shares held.