Inox-PVR blockbuster!

about 8 months ago
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Not surprisingly, Inox is the top gainer on the BSE. The stock soared up 20% to hit the UC and a new 52-week high at Rs.563.60.  PVR is also doing very well, going on to hit a new high at Rs.2010.35.

The market has most certainly given the merger a complete thumbs up! Inox will be merged into PVR and the shareholders of Inox will receive 3 shares of PVR in exchange for 10 shares in Inox.

Post the merger, PVR promoters will own 10.62% stake and Inox will have 16.66% stake in the combined entity, which will be named as PVR Inox, with branding of existing screens to continue as PVR and INOX respectively.

The combined entity will become the largest film exhibition company in India with 1,546 screens, giving is a market share of around 50% multiplex screen and around 42% box office collection market share.

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