PVR Cinemas and INOX Leisure are preparing to merge in what wi | Black Bulls & Bears

PVR Cinemas and INOX Leisure are preparing to merge in what will be a mega consolidation of the two largest movie theatre chains in India, people with direct knowledge of the matter told Moneycontrol.
The PVR and Inox Leisure boards are likely to meet on Sunday, March 27, to give their approval for the merger, these people said, asking not to be named.

Combined merged company will form a large company with over Rs 16,000 crore market cap. Inox Leisure stock rose over 6% on Friday to end at Rs 470/share with Rs 5,700 crore market cap. PVR shares ended up 1.55% on Friday at Rs 1804/share at the market cap of over Rs 11,100 crores.