Inox merger | Zee News

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Inox merger News

27 Mar 2022

PVR Ltd, Inox Leisure ink merger deal to create largest multiplex chain

The respective board of directors of the two companies at their meetings held on Sunday have approved an all-stock amalgamation of Inox with PVR. As per the agreement, Inox will merge with PVR in a share swap ratio of 3 shares of PVR for every 10 shares of Inox. PVR Promoters will have a 10.62 per cent stake, while Inox promoters will have 16.66 per cent stake in the combined entity.

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