PVR Cinemas and INOX merged! The board took a big decision

PVR Cinemas Limited (Transfer Company) has informed that its Board of Directors has approved the merger plan of INOX Leisure Limited (Transfer Company) with and with the Company. The board of INOX has also approved this merger plan. After this, it is expected that after this deal, now something better and new will be seen in the film exhibition industry.

New Delhi: PVR Cinemas-INOX Leisure Merger Deal: A big change is happening in the multiplex industry in India. The country’s two largest multiplexes of India PVR Cinemas and Inox Leisure have merged. The boards of PVR Cinemas and Inox company have got approval today i.e. on Sunday 27 March.

PVR Cinemas and Inox Leisure merge

In fact, PVR Limited (Transfer Company) has informed that its Board of Directors has approved the merger plan of Inox Leisure Limited (Transfer Company) with the Company and with it.

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The board of INOX has also approved this merger plan. After this, it is expected that after this deal, now something better and new will be seen in the film exhibition industry. Let us tell you that after this merger, PVR Cinemas and Inox Leisure will jointly own more than 1,500 screens across India.

What will be the situation in the stock market?

  • Both PVR Cinemas and Inox companies are listed in the stock market.
  • Now after this merger, the ratio of shares – for 10 shares of INOX, there will be three shares of PVR.
  • Post-merger, INOX promoters will hold a 16.66 percent stake in the combined entity, while PVR promoters will hold 10.62 percent.
  • Post-merger, the promoters of INOX along with the existing promoters of PVR will become co-promoters in the merged entity.

Market cap above Rs 16,000 crore

According to media reports, after the merger of these two companies, the stock market will form a big company with a market cap of more than Rs 16,000 crore. Now looking at the condition of the stock, the stock of Inox Leisure closed at Rs 470 per share up by more than 6% on Friday, while the stock of PVR closed with a gain of 1.55% on Friday at Rs 1804 per share, whose market cap was Rs. 11,100 crores was over Rs.

will be the largest film exhibition company

Along with this, after this merger, common people can get to see something new. INOX currently operates 675 screens in 72 cities, while PVR operates 871 screens in 181 properties in 73 cities. The combined entity of the two will become the largest film exhibition company in India operating 1,546 screens across 341 properties in 109 cities. The audience is also expected to benefit from this.