PVR-INOX merger gets NCLT approval
PVR and INOX merger has received approval from the National Stock Exchange of India Limited. According to the intimation to the stock exchange about the final hearing on the Merger application by NCLT, the Scheme of Amalgamation between INOX Leisure Limited and PVR Limited under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
In this regard, Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the Proposed Scheme on 12th January 2023. A copy of the detailed order is awaited and the same shall be disclosed to the Stock Exchanges as and when received by the Company.
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