 "PVR-Inox merger: How big is the consolidation in Indian cinema")
The country’s largest and second-largest theatre chains, namely, PVR and Inox, received the final approval for their proposed merger on Thursday.
The Mumbai bench of the National Company Law Tribunal in a verbal order approved the proposed merger in a ratio of three shares of PVR for 10 shares of Inox.
The detailed written order is expected in the next few days. Announced on March 27, 2022, the merger will result in a network of over 1,500 screens across 341 properties in 109 cities, the companies had said last year. Business Standard breaks down the consolidation in numbers.
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