PVR And Inox Announced A Merger To Create The Largest Multiplex Chain

BANKING AND ECONOMY

● The boards of PVR Ltd and Inox Leisure Ltd, India’s top two multiplex chains, approved an all-stock merger of the companies to create India’s largest film exhibition entity with a network of more than 1,500 screens.
●  The merged entity will be named PVR Inox Ltd.
● Consulting firm EY was the exclusive financial adviser for the transaction.
 

Facts to Know:


● INOX Leisure Limited is a subsidiary of Gujarat Fluorochemicals Ltd.
● PVR’s chairman and managing director Ajay Bijli would serve as managing director of the merged entity.

PVR Ltd and Inox Leisure Ltd
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