Mumbai: The country’s famous multiplex company PVR Limited and Inox Leisure Limited have announced a merger. The company issued a statement about this on Sunday. It is to be known that the meeting between the two companies was going on for the last several days regarding the merger. After which the announcement of the merger was approved in the meeting held today.
PVR Limited (Transfer Company) said that its Board of Directors has approved the merger plan of INOX Leisure Limited (Transfer Company) with and with the Company. INOX’s board has also approved the merger plan. After this, Ajay Bijli, CMD of PVR, will be the MD of the new company.
India’s largest entertainment company
The merger of PVR and INOX can be a big change in the world of entertainment. At present, if we talk about both the companies, then the market gap of PVR is Rs 11,100 crore. At the same time, the market gap of INOX including this was Rs 5700 crore. At the same time, after the days become one, the new company will be a company with a market gap of 16,000 crores.
More than 1500 screens across the country
Inox and PVR are one of the largest multiplex chain companies in India. Inox currently operates 675 screens in 160 properties across 72 cities, while PVR operates 871 screens in 181 properties in 73 cities. The combined entity will operate 1,546 screens in 341 properties across 109 cities in India.
