Page 2 - Inox

Shares of PVR, INOX Leisure defy broader market trend; settle with gains

Shares of multiplex chains PVR and INOX Leisure defied the broader market trend and settled in the positive territory on Wednesday after the Competition Commission rejected the complaint against proposed PVR-INOX deal. The rise in shares came a day after the Competition Commission of India (CCI) rejected a complaint against the proposed merger of PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe. Shares of PVR opened on a bullish note at Rs 1,891.10 and hovered in the range of Rs 1,886.75 to Rs 1,974.75 during the trading session on BSE. It finally closed at Rs 1,929.45, up 0.99 per cent over its last close. On NSE, it opened at Rs 1,905 and settled at Rs 1,927.00, registering a rise of 0.94 per cent over its Tuesday's closing level. A similar trend was seen on the INOX Leisure counter as well, where the stock opened at Rs 511 and oscillated between Rs 511.00 and Rs 550.40 during the trading session on ..

Stocks to Watch: Infosys, Bharat Forge, JSW Steel, IRCTC, Ambuja Cements

Stocks to Watch: JSW Steel has signed a memorandum of understanding (MoU) with SMS group, a German engineering and technology company, for exploring decarbonisation projects

CCI rejects complaint against proposed merger of multiplex chains PVR, INOX

The Competition Commission of India (CCI) on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe. The watchdog's order has come on a complaint filed against the proposed merger that would create the country's largest multiplex chain with a network of more than 1,500 screens. On March 27, PVR and INOX Leisure announced the merger. However, the entities were not required to seek CCI approval for the deal as it was below the regulator's threshold levels. Under the competition law, deals beyond certain thresholds require clearance from the regulator. In a seven-page order, the regulator said it was of the view that apprehension of likelihood of AAEC (Appreciable Adverse Effect on Competition) by an entity which is yet to take form cannot be a subject matter of inquiry/investigation under Section 3 or 4 of the Competition Act. Section

PVR shareholders to mull Inox merger on Oct 11, creditors' meet same day

Investors' meet over videoconference comes after Mumbai NCLT's directive to PVR; both Inox Leisure and PVR had said this June that they had received clearances for their merger NSE and BSE

PVR shareholders, creditors to meet on October 11 to consider INOX merger

Multiplex operator PVR has called a meeting of its shareholders and creditors on October 11 to seek their approval for the scheme of merger with rival Inox Leisure. This comes after the Mumbai bench of the National Company Law Tribunal (NCLT) on August 22 directed PVR to call a meeting. "We wish to inform you that pursuant to the order pronounced on August 22, 2022 and received on September 5, 2022, meetings of equity shareholders will be held through video conferencing or other audio visual means on Tuesday, October 11, 2022, at 11:30 AM," PVR informed exchanges on Thursday. The meeting of secured creditors of the company will be held physically at PVR's registered office in Mumbai on the same day at 3 PM, it added. In June this year, both PVR and Inox Leisure had said they had received clearances for their merger from bourses NSE and BSE. However, last month non-profit group CUTS filed a complaint against the proposed merger before fair trade regulator CCI, alleging that the dea

Movie tickets at just Rs 75: India to observe National Cinema Day on Sep 16

Various companies like PVR, INOX, Cinepolis, Carnival, Miraj, Citypride, Asia, Mukta A2, Movie Time, Wave, M2K, and Delite have agreed to be a part of the celebrations

Come September, cinema returns to Kashmir after 32 years of intermission

INOX to open a three-screen multiplex in Srinagar, its first

Multiplexes to post strong revenue growth in Q1, broadcasters to be muted

Q1 marks a full quarter of operations post pandemic for cinemas. This will reflect in financials of these firms, with likely revenue growth at 65-70% for PVR and Inox sequentially

PVR, Inox get SEBI nod for merger to create India's largest multiplex chain

PVR promoters will have a 10.62% in the combined entity; Inox's side will have a 16.66%

A merger wave in media

A mix of history, the pandemic and its cascading effects are among the reasons for this action

Box office hits record Rs 1,500 cr in March; April likely to be as good

Based on the trends in March and April, Gianchandani said the industry expected FY23 to be the best year for it 'ever' with overall revenues expected to hit Rs 14,500-Rs 15,500 crore

Uptick in movie biz prompts exhibitors to increase screen count in FY23

PVR, Inox and Cinepolis adding 125, 77 and 60 screens, respectively, in FY23

Inox Leisure last quarter's net loss narrows down to Rs 28.17 crore

Multiplex chain operator Inox Leisure Ltd on Monday reported narrowing of consolidated net loss to Rs 28.17 crore for the fourth quarter ended March.

PVR-Inox merger: We want to roll out 200 screens a year, says Bijli & Jain

From a macro angle, with the consumer behaviour change that has happened, content is getting consumed everywhere: Bijli and Jain

'BTS Permission to Dance' garners highest ticket price in PVR theatres

PVR expects 3-4 per cent of its revenues from alternative content in the next two to three years

Inox Green Energy Services to raise Rs 500 cr through IPO

Inox Wind on Monday said the board of its arm Inox Green Energy Services Ltd has approved fund raising of Rs 500 crore through an initial public offering of its equity shares

Inox Group reaches settlement over division of business; stocks rise

Share prices of Inox Wind and Inox Leisure are up 130 and 56 per cent since January 1.

Inox Group to split between two Jain brothers in 'amicable settlement'

Pavan gets Inox Leisure, India's second-largest multiplex company; Vivek to control speciality chemicals and green energy businesses.

Inox signed pacts with developers to add 926 screens to network: CEO Tandon

Multiplex chain operator Inox Leisure has so far signed agreements with various developers to add 926 screens to its network, which are expected to come in next few years, said a top company official.

Amazon eyes potential stake in Indian film, media biz; Inox denies report

Amazon.com Inc's India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd for a potential stake, the Indian Express newspaper reported