PVR, INOX announce merger

• PVR Limited and Inox Leisure Limited, which operate the multiplex chain, have announced the merger of their two companies.

• Inox will hold 16.66% in the new firm and PVR will hold 10.62%.

• After this merger, PVR will be known as PVR INOX Limited.

• Ajay Bijli will be the Managing Director of PVR Inox Limited, Sanjeev Kumar will be the Executive Director and Pawan Kumar Jain will be the Non-Executive Chairman of the Consolidated Board.