The merger of the top two multiplex chains in the nation, PVR Limited and INOX Leisure, was allowed on Thursday by the Bombay Bench of the National Company Law Tribunal (NCLT).
According to an earlier merger announcement, the combined firm, to be known as PVR-INOX, will operate 1,546 screens across 341 facilities in 109 cities, making it the largest cinema exhibition company in India.
Existing screens will continue to be branded as INOX and PVR, respectively. PVR-INOX will only be used for theatres that have recently opened.
This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.
ALL INDIA LEGAL FORUM 