INOX Leisure Limited and PVR Limited Announce Merger
EY Investment Banking Team acted as the exclusive financial advisor on the transaction – INOX Leisure Limited merging with PVR Limited.
EY conceptualised, negotiated and executed this historic transaction.
The merger will bring together two of India’s leading cinema brands to continue to deliver an unparalleled consumer experience with a network of more than 1,500 screens, drive significant growth and work towards taking world-class cinema experience closer to the consumers in Tier 2 and 3 markets.
INOX Leisure Limited (INOX) operates 160 multiplexes and 675 screens in 72 cities, catering to close to 70 million patrons every year. INOX has redefined movie experiences in India making it truly a 7-star experience.
PVR is one of the largest film exhibition companies in India and operates a cinema circuit comprising of 871 screens at 180 properties in 73 cities (India and Sri Lanka), serving over 100 million patrons annually.
This is a historic transaction in the cinema exhibition space, and we are elated to have facilitated this strategic partnership. The Merger will ensure value creation for all the stakeholders including employees, customers, shareholders, and the cinema industry. The deal was call of the day especially in the backdrop of Covid-19 related disruption and for bringing the big screen experience to the consumers in Tier 2 and 3 markets.
