Merger of PVR-INOX gets clearance from BSE and NSE

PVR and INOX Leisure have received clearances for their merger from bourses NSE and BSE.

In March 2022, both multiplex operators has announced the merger to create the largest multiplex chain in the country.

The company has received observation letter with ‘no adverse observations’ from BSE Ltd on June 20, 2022 and observation letter with ‘no objection’ from NSE on June 21, 2022.

Swap ratio: 3:10 i.e., 3 shares of PVR for 10 shares of Inox.