Multiplex companies INOX Leisure Ltd and PVR Ltd have announced the merger of their two companies. Inox will have a 16.66% stake in the new firm and PVR will have a 10.62% stake. After the formalities of the merger, the company will be known as PVR Inox Limited. Ajay Bijli will be Managing Director of PVR Inox Limited, Sanjeev Kumar will be executive director and Pavan Kumar Jain will be non-executive chairman of the consolidated board.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The merger is subject to approval by the Securities and Exchange Board of India (SEBI), stock exchanges, and other regulatory approvals as required. Merger to bring together two of India’s best cinema brands to deliver an unparalleled consumer experience with a network of 1,546 screens across 341 properties in 109 cities.
Important takeaways for all competitive exams:
On April 5, 2025, President Droupadi Murmu gave her assent to the Waqf (Amendment) Act,…
On April 6, 2025, Prime Minister Narendra Modi inaugurated the New Pamban Bridge in Tamil…
The SBI Clerk Mains Exam 2025 is expected to be conducted in April 2025, and…
Ram Navami is a very special Hindu festival that celebrates the birth of Lord Ram.…
Seema Agrawal, a senior Indian Police Service (IPS) officer, has been appointed as the new…
Tamil Nadu has achieved the highest real economic growth rate in India for the year…