Multiplex operator PVR on Wednesday said it has received the nod from its shareholders for the scheme of merger with rival Inox Leisure.
The leading cinema exhibitor convened a meeting of its shareholders on Tuesday following the directions of the Mumbai bench of the National Company Law Tribunal (NCLT)
The proposal was passed by over 99 per cent of the number of valid votes cast, said the scrutiniser’s report of the meeting shared by PVR.
In June this year, both PVR and Inox Leisure said they had received clearance for their merger from bourses NSE and BSE.