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INOX Leisure Ltd and PVR Ltd, two multiplex firms, have announced a merger. Inox will own 16.66 percent of the new company, while PVR will own 10.62 percent. Following the completion of the merger requirements, the corporation will be known as PVR Inox Limited. PVR Inox Limited's managing director will be Ajay Bijli, the executive director will be Sanjeev Kumar, and the non-executive chairman of the consolidated board will be Pavan Kumar Jain. The Securities and Exchange Board of India (SEBI), stock exchanges, and other regulatory bodies have all authorised the merger. With a network of 1,546 screens spread over 341 facilities in 109 cities, the merger will bring together two of India's top cinema brands to provide an unrivalled customer experience. PVR Cinemas was established in June 1997, with its headquarters in Gurugram. Ajay Bijli is the founder and CEO of PVR Cinemas.

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