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.

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