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NCLT approves PVR-INOX merger

Fri 13 Jan 2023, 11:25:26

New Delhi: The National Company Law Tribunal (NCLT) on Thursday approved the amalgamation of the country's top two multiplex chains -- PVR Limited and INOX Leisure.

The Mumbai bench of NCLT has cleared the scheme of amalgamation

between INOX Leisure (transferor) and PVR (transferee company), PVR said in a regulatory filing.

"NCLT, Mumbai Bench, has allowed the proposed scheme on 12th January 2023," it said.

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