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PVR INOX Ltd (formerly Priya Village Roadshow Ltd), formerly known as PVR Cinemas, [3] [4] is an Indian multiplex chain based in Mumbai. It was formed as a result of the merger between PVR Cinemas and INOX Leisure Multiplex. PVR pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at Saket, New Delhi.
Mar 27, 2022 · The boards of both the companies on Sunday approved the amalgamation and the share exchange ratios. Accordingly, INOX shareholders will receive three shares in PVR for 10 shares of INOX. After the merger, PVR promoters will have 10.62 per cent stake while INOX promoters will have 16.66 per cent stake in the combined entity.
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Mar 28, 2022 · India’s PVR and Inox to Merge to Create Cinema Giant. The deal will create the largest film exhibition company in India that will operate 1,546 screens across 341 properties in 109 cities.
Jan 20, 2023 · Inox Leisure, India's second-largest multiplex chain, will open 40 more screens by March and has a pipeline of 900 to 950 screens. The merger with PVR Cinemas, the leading multiplex group, will create India's largest cinema network with 109 cities.
Mar 31, 2022 · PVR and Inox, two of India's leading multiplex chains, have merged to create PVR Inox, a new entity with a dominant market share. The deal aims to boost the exhibition sector's recovery from the pandemic, but may also affect ticket prices, revenue sharing and theatrical windows for films.
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The combined entity of PVR Inox Limited will operate 1,546 screens across 341 properties across 109 cities in India, Inox said in a statement on Sunday, March 27, 2022. (Photo by Pratik Chorge ...