NCLT gives approval for merger of multiplex operators PVR and Inox

Detailed order expected in next few days; paves way for India's largest cinema chain

The National Company Law Tribunal (NCLT) on Thursday approved the merger of multiplex operators PVR and Inox, the two chains said in separate filings to the stock exchanges. 

“The National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the proposed scheme of amalgamation between Inox Leisure and PVR today,” statements by the two companies read. They said the detailed order was awaited.

Advocates said it could take some more days for the detailed order to be made available. After that it would be filed with the Registrar of Companies and disclosed to the stock exchanges.

On Thursday the NCLT, Mumbai