Inox sells 863 tonnes of popcorn to moviegoers in 2022
Inox says it has evolved from a 'multiplex chain' to a 'multiplex & F&B chain'.
Inox says it has evolved from a 'multiplex chain' to a 'multiplex & F&B chain'.
Shares of PVR and Inox Leisure dropped after newly released movie Brahmastra, starring Ranbir Kapoor and Alia Bhatt, received disappointing reviews from fans and critics.
The Sensex and Nifty are poised to rise on Thursday, tracking positive cues from global peers and firm trends on SGX Nifty Futures.
PVR and INOX Leisure have received ‘no objection’ certificates from BSE and NSE for the merger deal announced in March this year.
INOX Leisure share price dropped 4.15% to hit a low of ₹478.35, while PVR touched an intraday low of ₹1,746.70, down 3.75% on the BSE.
Shares of PVR and INOX Leisure rallied up to 20% on Monday, hitting their respective 52-week highs, following a merger announcement.
PVR is Numero Uno with 860 screens, Inox is the second-largest multiplex player with 667 screens and the Mexico-based Cinepolis has 400 screens.
The merger will be in a share swap ratio of three shares of PVR for every 10 shares of INOX, subject to shareholders, and other requisite approvals.
The trending stocks such as PVR, INOX, Reliance Infra, Reliance Power, Adani Total Gas, Airtel, Infosys, and others are likely to be in focus on Monday.
INOX Leisure shares rallied 10% to hit a 52-week high of ₹486.90 on the BSE amid improved outlook for the Indian multiplex market.