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The deal's total value is estimated at Rs 404.5 crore.
The initiative seeks to popularize small and medium films, reduce pricing friction, and enhance audience engagement by encouraging more frequent visits to cinemas, aiming for 5-6 visits a month
PVR INOX's BSE quote at 9:25 am was Rs 1,844.95, down Rs 2.90, or 0.16%.
The surge in share price coincided with the release of the Shah Rukh Khan starrer film "Jawan" in theaters
PVR-INOX's expansive network includes 1,708 screens across 361 properties in 115 cities in India and Sri Lanka, solidifying its position in the cinema exhibition industry
Successful box office performances from "Gadar 2" (Hindi), "Jailer" (Tamil), and "OMG2" (Hindi) contribute to this weekend's success.
Due to decreased revenue from Covid, the PVR-INOX merger was below the threshold limit of CCI to investigate such transactions.
Multiplex Players Gain as Tax Rate on Tickets Under Rs 100 Reduced to 18%
Recent closure of PVR-Inox merger has created India’s largest multiplex chain, with 18%/30% share of screens/box office revenue.
The Mumbai bench of NCLT has cleared the scheme of amalgamation between INOX Leisure and PVR.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.