PVR-INOX

PVR AND INOX WILL MERGE DOWN APPTOVED BY NCLT

PVR and Inox Merger

The Bombay Bench of  the National Company Law Tribunal (NCLT) approved the merger in between the country;s toprwo multiplex chains  PVR Limited and INOX Leisure

Now, the merged PVR-INOX will become one of the largest movie company in India with 1,546 screens along with 341 properties in 109 cities

The joint PVR director Sanjeev Kumar Bijli told about the joint entity might have 3,000 to 4,000 screens company. PVR will enter into many new cities mainly in the south and east parts of the country. It is still  a negligible presence.

PVR is presently  approved by their respective shareholders, creditors as well as the leading bourses NSE and BSE. The company expects for main taining formality by the end of this  financial year.

The share of the PVR shares have closed at Rs. 1,754.80 increases by 2.96%. The total capital of the market of the  company is Ra. Rs. 10,733

PVR is recently operating in 884 screeens in 77 cities in India and Sri Lanka. PVE shares  a closed at Rs. 1,754.80 apiece increased by 2.96%. The  capital of the  company s approxe Rs. 10,73  crore.

INOX

INOX has shared has ended at Rs. 517.60 boost up by 3.06% on BSE. The total market capital has stood at Rs. 6,323 crore.