Shardul Amarchand Mangaldas & Khaitan advised PVR & INOX Merger
Another unique merger of two leading leisure film theatres PVR Cinemas and INOX with a vision to develop 1500 screens
Shardul Amarchand Mangaldas & Khaitan advised PVR & INOX Merger Another unique merger of two leading leisure film theatres PVR Cinemas and INOX with a vision to develop 1500 screens & become a largest multiplex chain in the country Leading Law firms Shardul Amarchand Mangaldas advised PVR Limited in the proposed merger of INOX Leisure Limited with PVR Limited. The Board...
Shardul Amarchand Mangaldas & Khaitan advised PVR & INOX Merger
Another unique merger of two leading leisure film theatres PVR Cinemas and INOX with a vision to develop 1500 screens & become a largest multiplex chain in the country
Leading Law firms Shardul Amarchand Mangaldas advised PVR Limited in the proposed merger of INOX Leisure Limited with PVR Limited.
The Board of Directors of PVR Limited and INOX Leisure Limited approved, on 27 March 2022, the proposed amalgamation of INOX Leisure Limited into and with PVR Limited. The new merged entity will be PVR INOX Ltd
The amalgamation is subject to approval of the shareholders of PVR and INOX respectively, stock exchanges, SEBI and such other regulatory approvals as may be required. Post merger, INOX Promoters will have 16.66% stake while PVR Promoters will have 10.62% stake in the combined entity. The promoters of INOX will become co-promoters in the merged entity along with the existing promoters of PVR.
The SAM team was led by Raghubir Menon, Partner and Anirban Bhattacharya, Partner, together with Tanya Pahwa, Principal Associate, Tushnaz Patel, Senior Associate, Swati Sharma, Senior Associate, Shrungar Bhuva, Associate, Devangana Mandal, Associate, Shubhangi Maheshwari, Associate, Parth Sharma, Associate and Manisha Nayak, Associate.
The securities team was led by Yogesh Chande, Partner and Kanwardeep Kapany, Principal Associate, together with Preeti Kapany, Associate and Shweta Ojha, Associate.
The competition team was led by Shweta Shroff Chopra, Partner and Manika Brar, Partner, together with Aniket Ghosh, Senior Associate and Apurv Jain, Associate.
The litigation team was led by. Anirudh Das, Partner.
"The intellectual property team was led by J.V. Abhay, Partner, together with Madhur Chopra, Senior Associate."
Khaitan & Co team advised INOX and the team was led by Partner Ashraya Rao along with Senior Associates Kaushik Babu, Rushabh Gala and Amit Panwar.
Competition Law team was led by Manas Kumar Chaudhuri (Partner), Anisha Chand (Partner) and Soham Banerjee (Senior Associate)
Intellectual Property team was led by Adheesh Nargolkar (Partner), Smriti Yadav (Partner), Dhiren Karania (Principal Associate), Sunaina Brahma (Senior Associate) and Abdul Hannan (Associate)
Due diligence was handled by Ravali Rayaprolu (Associate), Arka Banerjee (Associate), Hansaja Pandya (Associate), Saranya Mishra (Associate) and Vaishanshi Bharadwaj (Associate)The merged entity will be named as PVR INOX Ltd, and the branding of existing screens to continue as PVR and INOX respectively.
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