Biggies of Indian Cinema Exhibition, PVR and INOX Announces Merger
Movie theater chain companies, PVR and Inox Leisure received s approval for stock amalgamation
Merger expected to bring two of India’s best cinema brand for unparalleled viewer experience
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A re-constituted 10-member board of directors with equal representations will be present
The amalgamation would witness Ajay Bijli as the Managing Director and Sanjeev Kumar as the Executive Director
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PVR to hold 10.62% and INOX 16.66% stake
Amalgamation ensures Growth of Indian cinema exhibition industry and value addition for stakeholders