Categories: Business

PVR & INOX Leisure announced merger combined entity to be called PVR Inox Ltd

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:

  • PVR Cinemas Founded: June 1997;
  • PVR Cinemas Headquarters: Gurugram;
  • PVR Cinemas Founder & CEO: Ajay Bijli.

Find More Business News Here

Sumit Arora

Recent Posts

IPL 2025 Schedule: BCCI Announces IPL Schedules for 2025, 2026, and 2027 Seasons

The Board of Control for Cricket in India (BCCI) has made a bold and significant…

13 hours ago

Which District of Madhya Pradesh is Famous for Rang Panchami Festival?

Madhya Pradesh, a state rich in culture and traditions, celebrates many colorful festivals. One of…

13 hours ago

Ustad Bismillah Khan Yuva Puraskar For 2022 and 2023

The Ustad Bismillah Khan Yuva Puraskar (UBKUP) is a prestigious award instituted by the Sangeet…

14 hours ago

Top 10 Most Sustainable Economies in 2024: India’s Position Explained

The Sustainable Trade Index 2024, jointly published by the Hinrich Foundation and IMD, highlights the…

14 hours ago

Who is Known as the Frontier Gandhi?

The title "Frontier Gandhi" refers to Khan Abdul Ghaffar Khan, a prominent leader from British…

15 hours ago

India Hosts First Global Cooperative Conference in 130 Years

India will host the International Cooperative Alliance (ICA) Global Cooperative Conference in New Delhi from…

16 hours ago