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PVR INOX Ltd (formerly Priya Village Roadshow Ltd), formerly known as PVR Cinemas, [3] [4] is an Indian multiplex chain based in Mumbai. It was formed as a result of the merger between PVR Cinemas and INOX Leisure Multiplex. PVR pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at Saket, New Delhi.
Mar 27, 2022 · Multiplex chains PVR Ltd and INOX Leisure Ltd have decided to merge to form the largest entertainment company in the country. The boards of both the companies on Sunday approved the amalgamation and the share exchange ratios. Accordingly, INOX shareholders will receive three shares in PVR for 10 shares of INOX.
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Multiplex giants PVR and Inox on Sunday announced the merger of their two companies in what may well be one the biggest business deals of the year. "Merger to bring together two of India's best...
- Hindustantimes
Dec 21, 2022 · The top two multiplex chains in India, PVR and INOX, will become one entity by the end of the current financial year, according to INOX Leisure CEO. The merged company, PVR-INOX, will operate 1,546 screens across 341 properties in 109 cities and invest Rs 500 crore in new screens.
Mar 28, 2022 · PVR and INOX, the country’s largest multiplex chains, have announced an all stock amalgamation to create a network of over 1,500 screens across 109 cities. The merger aims to enhance productivity, reach, and customer service amid the pandemic and OTT competition.
Mar 31, 2022 · PVR and Inox, two of India's leading multiplex chains, have merged to create PVR Inox, a new entity with a dominant market share. The deal aims to boost the exhibition sector's recovery from the pandemic, but may also affect ticket prices, revenue sharing and theatrical windows for films.
