The two companies’ boards — the country’s largest multiplex chain operators — approved an all-stock merger to create a film exhibition entity with a network of more than 1,500 screens. 

Thursday, the Bombay Bench of the National Company Law Tribunal (NCLT) approved the merger of PVR Limited and INOX Leisure, the two largest multiplex companies in India. The united corporation, to be known as PVR-INOX, would operate 1,546 screens across 341 facilities in 109 cities, according to the merger announcement dated March 27, 2022.

The united corporation, to be known as PVR-INOX, would operate 1,546 screens across 341 facilities in 109 cities, according to the merger announcement dated March 27, 2022.