PVR inks merger deal with Inox Leisure
28th Mar 2022

PVR and Inox Leisure have unveiled a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens. The respective board of directors of the two companies at their meetings have approved an all-stock amalgamation of Inox with PVR.

The combined entity will be named PVR Inox with the branding of existing screens to continue as PVR and Inox. New cinemas opened post the merger will be branded as PVR Inox. 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 is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.