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<ul><li>The multiplex behemoth now owns more than 1,650 screens across over 350 properties in 110 cities in the country.</li><li>The combined entity aims to open 180-200 screens per year, across formats, in the next two years.</li><li>The merged entity can definitely achieve bigger goals, but needs good content.</li></ul>After the merger of two <keyword id="16783584" type="General" weightage="20" keywordseo="multiplex-chains-PVR-and-Inox-Leisure" source="Orion">multiplex chains PVR and Inox Leisure</keyword> this year, the merged entity has become a behemoth in the country, and fifth largest listed multiplex chain globally by screen count. While the merger was announced last March, the record date for the scheme of amalgamation between the two multiplex operators happened in February 2023. The combined entity will start trading with the name PVR-INOX on exchanges in March 2023 and their combined financials would be reported from 4QFY23. The multiplex behemoth now owns more than 1,650 screens across 350 properties, in 110 cities. “PVR-INOX now controls 18% screen share (43% share in multiplex screens in India) and 30% box-office share (over 50% share of multiplex box office). The merged entity commands the highest multiplex market share in all key regions of India. PVR-INOX would become the fifth-largest listed multiplex chain globally by screen count with the highest number of admissions per screen (around 127,000 admissions/screen in 2019),” said a report by Kotak Institutional Equities. The combined entity aims to open 180-200 screens per year, across formats, in the next two years. “Capex per year would be ₹8-8.5 billion (₹800-850 crore). Over 40% new screen openings will come from the South as it remains underpenetrated,” said the report. While merged entity gains the lion’s share, real issue still remains poor content While the merged entity can definitely achieve bigger goals, analysts believe the real issue still remains poor content leading to flop movies on screen. “The management has guided for annual synergy benefits of ₹2.25 billion (₹225 crore) at the EBITDA (earnings before interest, taxes, depreciation and amortisation) level in the next 12-24 months,” said a report by Kotak Institutional Equities. Analysts say that the merged entity has no real competitor and should remain focused on strengthening its position at the cost of single-screen theatres and smaller chains. Yet, there are challenges that all multiplexes will face bringing in the mega footfalls. For one, the Hindi cinema industry itself is facing the <a href="https://www.businessinsider.in/business/news/its-not-bollywood-films-its-the-superstars-that-people-seem-to-be-tired-of/articleshow/92382077.cms">shifting trend and migration of audiences to South movies</a> which captured audiences with larger-than-life characters. Rapid adoption of OTT, proliferation of social media and an active ‘Boycott Bollywood’ campaign and higher ticket prices have impacted footfalls in theatres, say analysts at Emkay Global. “While focus of the merged entity now shifts to realising synergies, the crucial issue of footfall recovery remains moot. Post-Covid, we have witnessed a clear dichotomy in box-office performance, with a high proportion of movies turning out to be duds; we believe the main culprit is the sub-par content quality, punctured by the weak critic and audience reviews,” said a report by Emkay Global. Not star power, alone It’s because of the increasing Southern push that <keyword id="4568700" type="General" weightage="20" keywordseo="PVR-INOX" source="Orion">PVR Inox</keyword> are planning to boost the addition of new cinemas there. “With Bollywood content not up to the mark, footfalls have not seen a meaningful uptick post Covid. Only select movies with differentiated offerings have managed to taste success at the box office. As we have emphasised in the past too, Bollywood’s recovery is critical to box-office collections, with regional and Hollywood contribution being only sporadic in nature,” said the report. Bollywood continues to witness poor movie performance with most movies including Amitabh Bachchan-starrer Goodbye and Uunchai, Akshay Kumar’s Ram Setu and Ranveer Singh’s Cirkus not meeting expectations except for Drishyam 2 and Pathaan. “Going ahead too, we believe that star power alone cannot drive collections, if there is no differentiating factor in the movie,” said the Emkay Global report. In Q3 FY23, only one Bollywood movie i.e Drishyam 2 managed to break the ₹100 crore box office barrier. “CY22 has been one of the worst years for Bollywood, with very few movies finding traction. A mere 7% of the major movies that were released in the CY21/22 managed to recover their investment and yielded some profit. Prior to Covid, this was close to 30%, with more than 40% of movies doing well in CY19,” said a report by Emkay. While Inox-PVR have a bigger screen presence, they need what it takes to bring in audiences — better movies, bigger hits from Bollywood and Hollywood alike – in addition to South superhits. Some <keyword id="18300" type="General" weightage="20" keywordseo="bollywood-movies" source="Orion">Bollywood movies</keyword> expected to be released in the next six months <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Movie </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Approx date </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cast </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mrs Chatterjee Vs Norway </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rani Mukerji </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bholaa </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ajay Devgn, Tabu </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gumraah </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aditya Roy Kapur, Mrunal Thakur </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kisk Ka Bhai Kisi Ka Jaan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Salam Khan </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jawan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">June 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shahrukh Khan </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maidaan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">June 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ajay Devgn, Priyamani, Gajraj Rao, Rudranil Ghosh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dream Girl 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ayushmann Khurrana, Ananya Pandey </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Yodha </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sidharth Malhotra, Disha Patani, Raashi Khanna </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rocky Aur Rani Ki Prem Kahani </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ranveer Singh, Alia Bhatt </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Animal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">August 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ranbir Kapoor </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gadar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">August 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sunny Deol, Ameesha Patel </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tariq </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">August 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">John Abraham </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/policy/economy/news/the-godot-recession-could-be-pushed-back-further-svb-crisis-could-force-us-fed-to-pause-rate-hikes/articleshow/98612680.cms">The ‘Godot’ recession could be pushed back further, SVB crisis could force US Fed to pause rate hikes</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/kotak-mahindra-amc-launches-kotak-silver-etf-fund-of-fund/articleshow/98610397.cms">Kotak Mahindra AMC launches Silver ETF Fund of Fund</a>

PVR-INOX, now fifth largest listed multiplex chain globally, awaits good movies

PVR, Indian Hotels, banks and other hot stocks to watch out for on December 30

<ul><li>Nifty dipped below 17,200 and Sensex went below 57,500 as a new COVID-19 strain was found in Africa.</li><li>Multiplexes and restaurants had noticed a recovery in their stock prices only a few months back.</li><li>INOX and PVR stock dipped over 8%, whereas Barbeque Nation and Jubilant FoodWorks dipped over 3%.</li></ul>The concerns over a new strain of COVID-19 virus has once again left the Indian stock markets under a lot of stress, with Nifty going below 17,200 and BSE Sensex dipping below 57,500. The stock prices of multiplexes, hotels and restaurants witnessed a sharp decline as retail investors expect the situation to worsen. “The Indian benchmarks have a gap down opening today tracking weak Asian markets. Traders will be concerned as WHO [World Health Organization] flags the new COVID-19 strain,” Likhita Chepa, senior research analyst at CapitalVia Global Research said. The new Coronavirus strain found in South Africa on Thursday followed by the lockdown across a few European countries have left a deep impact on the Indian stock markets. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sector </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock price change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">INOX Leisure </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Multiplex </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-8.21% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">PVR </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Multiplex </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-10.89% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Barbeque Nation </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Restaurant </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-5% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Burger King </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Restaurant </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.70% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Speciality Restaurant (operates Mainland China) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Restaurant </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-8.87% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jubilant FoodWorks (operates Domino’s India) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Restaurant </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.88% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indian Hotels Company Limited </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hotel </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-11.24% </td></tr></tbody><tbody></tbody><tbody></tbody></table>Note: Share prices as of 3:30 p.m., on November 26 Notably, the multiplexes and restaurants had noticed a recovery in their stock prices only a few months back as people got more comfortable in stepping out of their house and getting back to the normal routine. While restaurants were still operating both online and offline from June 2020 onwards, multiplexes had lost that option as well. It was only in October 2020 that the multiplexes were allowed to open in a staggered manner with a capacity of <a href="https://economictimes.indiatimes.com/news/politics-and-nation/unlock-5-0-multiplex-operators-welcome-govts-directive-to-open-cinemas-with-50-capacity/videoshow/78420998.cms">50%</a>. The industry had faced another hit in April-June 2021 as the country was battling the second wave of COVID-19. “We believe India is not in panic mode and investors should make use of this selloff as a buying opportunity. The new variant should not be a great matter of concern for us and we suggest investors with suitable risk appetite to consider and start allocating money into markets who have missed the rallies,” Prashanth Tapse, vice president of Research at Mehta Equities, said. SEE ALSO <a href="https://www.businessinsider.in/international/news/gautam-adani-the-man-who-may-soon-be-asias-richest-person-is-a-college-dropout-who-survived-the-2008-mumbai-terrorist-attack-and-was-once-reportedly-kidnapped-for-2-million/articleshow/87910193.cms" data-type="tilCustomLink">Gautam Adani, the man who may soon be Asia's richest person, is a college dropout who survived the 2008 Mumbai terrorist attacks and says he was once kidnapped for ransom</a> <a href="https://www.businessinsider.in/business/startups/news/interview-these-former-isro-scientists-are-hoping-for-the-biggest-ever-funding-in-the-indian-spacetech-industry/articleshow/87911503.cms">INTERVIEW: These former ISRO scientists are hoping for the biggest-ever funding in the Indian spacetech industry</a> <a href="https://www.businessinsider.in/india/news/earthquake-of-6-1-magnitude-hits-india-myanmar-border-region/articleshow/87922521.cms">Earthquake of 6.1 magnitude hits India-Myanmar border region</a>

Shares of PVR, INOX, Burger King, Barbeque Nation tumble as investors panic over the new COVID-19 variant

PVR, Inox, Vodafone Idea, HDFC Bank and other top stocks to watch out for on September 27

<ul><li>Foreign portfolio investors (FPIs), domestic mutual funds are raising their stake in multiplex firms like Inox Leisure, PVR on hopes of <keyword id="9450879" type="UNKNOWN" weightage="20" keywordseo="theatres-reopening">theatres reopening</keyword> soon.</li><li>Investors cheered this development as shares of both multiplex stocks gained on July 27.</li><li>Analysts expect the multiplex industry to gradually recover in the second half of FY22.</li></ul>Multiplex chains, which are among the worst hit by the pandemic have finally found some hope as <keyword id="46604" type="PERSON" weightage="20" keywordseo="theatres">theatres</keyword> are reopening as COVID-19-induced restrictions are being relaxed. <a href="https://www.livemint.com/news/india/maharashtra-shops-may-open-for-longer-hours-as-govt-set-to-relax-some-restrictions-this-week-11627264968238.html">Reports </a>said that Maharashtra government may announce more relaxations in the pandemic-related curbs, this week, imposed during the second wave of the coronavirus pandemic in the state. Moreover, the Delhi government on July 24 announced a slew of unlocking measures and allowed the cinema halls and theatres, and multiplexes to function with 50% capacity. Shares of Inox Leisure and PVR gained 6% and 1.3% respectively on July 27 at 12:51 p.m. Foreign portfolio investor (FPI) holdings in Inox Leisure have <a href="https://www.thehindubusinessline.com/markets/stock-markets/fpis-mfs-increase-stake-in-pvr-inox-leisure/article35546798.ece">reportedly</a> gone up by 8.09% year-on-year to 16.44% as of April-June 2021 from 9.53% in the same quarter last year. Also, mutual funds’ holdings also went up to 23.09% from 19.72% during the same period. Also, a <a href="https://timesofindia.indiatimes.com/business/india-business/amazon-eyes-potential-stake-in-indias-inox-leisure-report/articleshow/84782764.cms">report</a> by Indian Express suggested that Amazon.com India is in talks with several domestic players in film and media distribution including Inox Leisure for a potential stake. It may be looking to expand its content streaming platform Prime Video. Reacting to the report, Inox Leisure released a statement on exchanges saying there are no discussions taking place with Amazon, nor were there any such discussions in the past. It stated the news report was factually incorrect. <div type="image" title="inox stock chart" height="900" width="1200" msid="84785863" hostid="261"></div> A report by Sharekhan Research expects gradual recovery in this space while it said multiplex business is going to be a sustainable model in the long term. “Expect gradual recovery over the next 2-3 quarters as COVID vaccination is catching pace… We believe the multiplex business is going to be a sustainable model in the long term given Indian movie-goers’ strong appetite for the silver screen… We continue to remain positive on the stock, given a net debt-free balance sheet and potential for healthy earnings growth over FY21-FY23,” said a report on Inox Leisure published on April 29. <div type="image" title="PVR stock chart" height="900" width="1200" msid="84785899" hostid="261"></div> Meanwhile, a report by Maybank Kim Eng Securities on PVR dated June 3 said it sees a threat from over the top (OTT) platforms witnessing direct release on their platforms. It hopes big movies will release on box office and not on OTT. “We factored in 67 million footfalls in FY22 estimates, as we expect a weak recovery in footfalls even during second half of FY22 which is contingent upon the government’s vaccination drive and reaching herd immunity, strong content pipeline -- key movies such as ‘Sooryavanshi’, ‘Lal Singh Chaddha’ and ‘83’ release on box-office and not on OTT,” said the report. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musks-tesla-second-quarter-earnings-show-that-its-bitcoin-holding-cost-the-company-23-million-in-impairment/articleshow/84784933.cms">Elon Musk’s Tesla second-quarter earnings show that its Bitcoin holding cost the company $23 million in impairment </a> <a href="https://www.businessinsider.in/business/corporates/news/lok-sabha-mp-mahua-moitra-says-delisting-of-adani-power-need-to-be-looked-into/articleshow/84752594.cms">Adani Group in spotlight again — Lok Sabha MP Mahua Moitra says delisting of Adani Power needs to be ‘looked into’ </a>

Inox Leisure, PVR stocks shine on hopes of theatres reopening soon

<ul><li><keyword id="6357660" type="General" weightage="80" keywordseo="hindi" source="Orion">Hindi</keyword> box office has the largest share of audience but it shrunk in 2022, says the Ormax report. </li><li>Most <keyword id="6364822" type="General" weightage="80" keywordseo="south" source="Orion">South</keyword> languages theatre-going audiences have seen stability or growth, the report added. </li><li>There were 146 million moviegoers in the January to March 2020 period, before the onset of the pandemic, as opposed to 122 million at present.</li></ul>The Indian film industry has lost an estimated 24 million moviegoers to the pandemic, according to media analytics firm Ormax Media Sizing The Cinema: 2023 Report. As per the report, <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> has 122 million theatre goers at present, i.e, those who watched at least one film in a theatre in the last 12 months. The corresponding number was 146 million in the January March 2020 period, right before the onset of the pandemic. The research was conducted in January 2023 among 15,000 Indian audiences across urban and rural India. An average Indian movie-goer watches films in 1.5 languages in a theatre in a year, according to Ormax Media. Hindi is the most-watched language, with an audience size of 58 million. However, the Hindi theatre-going universe shrunk by 21.5% vis-à-vis pre-pandemic, Ormax says. “We believe the footfall dip is even sharper (FY23) in 25-30% range versus pre-Covid level, due to content not clicking consistently and only selective large budget/sci fi films doing well. Our initial analysis indicates that Q1FY24 will be a strong quarter and should report strong double-digit YoY growth on a reasonable basis. (Q1FY23 had <keyword id="46758" type="General" weightage="80" keywordseo="rrr" source="Orion">RRR</keyword>, <keyword id="6400922" type="General" weightage="80" keywordseo="kgf" source="Orion">KGF</keyword> 2.0 and Bhool Bhulaiya), backed by many large-scale films across genres, including regional and English,” said <keyword id="5672816" type="General" weightage="50" keywordseo="karan-taurani" source="Orion">Karan Taurani</keyword>, analyst at Elara Capital. In contrast, most South languages have either seen stability or growth. Kannada audience grew the most at 25%, from 11.6 million to 14.5 million. Ormax says that the industry hopes to rebuild lost audiences in 2023. As per latest reports, Shah Rukh Khan starrer ‘Pathaan’ grossed as much as ₹<a href="https://twitter.com/taran_adarsh/status/1625422594861309953?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet">472.95 crore</a> in domestic collections and $115.40 million <a href="https://twitter.com/yrf/status/1625052791503998981?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1625052791503998981%7Ctwgr%5E331ba11f68c1928788ef8c2b0ea74ff7050616b0%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Findianexpress.com%2Farticle%2Fentertainment%2Fbollywood%2Fpathaan-box-office-day-19-shah-rukh-khan-film-rs-950-crore-worldwide-chases-baahubali-2-collection-8441266%2F">worldwide</a> as reported by <keyword id="36603" type="General" weightage="50" keywordseo="yash-raj-films" source="Orion">Yash Raj Films</keyword> on February 13. Indian box office scripts made over ₹10,637 crore in 2022, only marginally behind ₹10,948 crore made in the pre-pandemic 2019. Thus 2022 became only the second year ever to cross the ₹10,000 crore mark at the India Box Office, <a href="https://www.ormaxmedia.com/insights/stories/10k-crore-return-of-the-box-office.html">Ormax states</a>. Last year, KGF 2, RRR, Brahmastra, Drishyam 2 were some of the movies that made their <a href="https://economictimes.indiatimes.com/industry/media/entertainment/indian-box-office-scripts-a-blockbuster-in-2022-rakes-in-over-rs-10000-crore/articleshow/97264994.cms">mark</a>. <keyword id="1472505" type="General" weightage="50" keywordseo="sanjeev-kumar-bijli" source="Orion">Sanjeev Kumar Bijli</keyword>, Joint MD of <keyword id="799" type="General" weightage="80" keywordseo="pvr" source="Orion">PVR</keyword> told in an interview to Business Today that PVR saw 41 million footfalls during the nine-month period from January 2022, which is 75.6% of its <a href="https://www.businesstoday.in/latest/corporate/story/it-will-take-2-3-more-quarters-for-footfalls-at-multiplexes-to-return-to-pre-covid-level-pvr-358927-2023-01-04">pre-Covid</a> level. He added it will take PVR two to three more quarters to return to pre-pandemic level. <div type="image" title="Ormax Media" msid="97919206" hostid="261" sizebytes="190676"></div> Another report of Ormax titled ‘India is Back…At the Theatres’ published on January 27 this year said that the share of Hindi in total India box office fell from 44% to 33% in 2022, as compared to 2019 (pre-pandemic). This was lost to South Indian languages, with Telugu being the biggest gainer, moving up from 13% to 20% share. Added to that, 32% of Hindi box office receipts came from dubbed versions of South films like KGF: Chapter 2, RRR, <a href="https://www.ormaxmedia.com/data/library/IndiaIsBackReport-GroupM-OrmaxMedia-2022.pdf">Kantara</a>, etc. Headquartered in Mumbai, Ormax media is one of India’s media analytics and consulting firms that provides strategic solutions for business operations across the Indian media and entertainment sector. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/catching-em-early-early-stage-startups-shine-as-their-investor-pool-widens/articleshow/97918089.cms">Catching ‘em early: Early-stage startups shine as their investor pool widens</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/over-25-unicorns-in-india-founded-by-serial-entrepreneurs-report/articleshow/97914331.cms">Over 25% unicorns in India founded by serial entrepreneurs: Report</a>

Indian film industry lost 24 million moviegoers to the pandemic: Ormax

<ul><li>On October 1, <keyword id="6407732" type="COMPANY" weightage="20" keywordseo="inox">INOX</keyword> and PVR stocks jumped by 12% in morning trade. Though they pared some gains, both stocks still hold over 6% gains as of 2.30 pm. </li><li>Indian government’s Unlock 5.0 mandates for theatres and halls to reopen with 50% capacity from October 15.</li><li>But not just theatre chains, even the ticketing platforms like <keyword id="600792" type="COMPANY" weightage="20" keywordseo="BookMyShow">BookMyShow</keyword> too heaved a sigh of relief. </li></ul>After being shut for over six months, cinema halls across the country can finally look alive again as Indian government’s Unlock 5.0 mandates for theatres and movie halls to reopen with 50% capacity from October 15. But that 50% capacity was a piece of welcome news for listed theatre chains. On October 1, INOX and PVR stocks jumped by 12% in morning trade. Though they pared some gains, they were still trading higher by 6.3% and 8.35% respectively as of 2.30 pm. <div type="image" title="INOX PVR" msid="78425198" hostid="261"></div> Both Inox and PVR bore the brunt of the coronavirus pandemic. For the first three months of the current financial year, INOX reported a loss of ₹73.64 crore, while revenues fell by almost 100%. Meanwhile, PVR had posted losses to the tune of ₹226 crore. According to the Central government’s latest guidelines: <ul><li>Cinemas/ theatres/ multiplexes will be permitted to open with upto 50% of their seating capacity, SOP will be issued by the Ministry of Information &amp; Broadcasting.</li><li>Business to Business (B2B) Exhibitions will be permitted to open, for which SOP will be issued by the Department of Commerce.</li></ul>But not just theatre chains, even the ticketing platforms like BookMyShow heaved a sigh of relief. In May, BookMyShow had furloughed over 270 employees as it began to deal with the pandemic. “This move will bring immense relief to scores of employees across the sector which has been one of the worst hit, through this pandemic. As the category leader, BookMyShow recognises that we are in extraordinary times and is mindful of social distancing and sanitisation amongst other factors. The health and safety of all - from cine-goers to cinema partners, production houses and execution agencies - will be of paramount importance and BookMyShow will uphold all SOPs as mandated for our users’ safe movie watching experience,” said Ashish Saksena, COO – Cinemas, BookMyShow. With the upcoming festive season, Saksena added that he is confident that films and audiences will return to the big screen. SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-has-bagged-nearly-half-of-all-private-equity-investments-in-india-this-year-and-that-doesnt-include-the-10-billion-from-facebook-and-google/articleshow/78422299.cms">Reliance has bagged nearly half of all private equity investments in India this year – and that doesn’t include the $10 billion from Facebook and Google</a> <a href="https://www.businessinsider.in/india/news/central-government-unlock-5-0-guidelines-cinema-halls-schools-colleges-swimming-pools-can-open-again-with-some-conditions/articleshow/78419665.cms">Unlock 5.0 guidelines – Schools and colleges set to reopen in phases, cinema halls allowed with 50% seating</a>

Inox, PVR stocks surge, BookMyShow heaves a sigh of relief as cinemas are set to reopen from October 15

<ul><li>At 7:40 am, the SGX Nifty was up 0.12%, indicating a positive start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to start on a stronger note on Wednesday, led by positive cues from the global markets. At 7:40 am, the SGX Nifty was up 0.12%, indicating a positive start for Nifty50. The <a href="https://www.businessinsider.in/stock-market/news/dow-jumps-338-points-as-mitch-mcconnell-pledges-to-get-stimulus-deal-done/articleshow/79749308.cms">US stocks extended earlier gains</a> on Tuesday after Senate Majority Leader Mitch McConnell pledged to get a fiscal stimulus deal done before Congress takes a break for the holidays. The Dow Jones Industrial Average closed 337 points higher, and the S&amp;P 500 was up 1.29%. These are the stocks to watch out for during the trading session today: IDBI Bank IDBI Bank has set the floor price at ₹40.63 per share for its proposed qualified institutional placement (QIP) and downsized the fundraise by two-thirds to ₹2,000 crore. The bank’s board at its meeting on October 29 had proposed to raise ₹6,000 crore by issuing shares through QIP. Punjab National Bank Punjab National Bank (PNB) has set the floor price for its proposed QIP of ₹7,000 crore at ₹37.35 per share. PNB committee would meet on Friday to consider and determine the issue price for the equity shares, including a discount, if any, to be allotted to Qualified Institutional Buyers, pursuant to the QIP (qualified institutional placement). Indian Bank The state-owned Indian Bank declared the account of IL&amp;FS Financial Services (IFIN) as fraud with outstanding dues of ₹408 crore, and reported it to the Reserve Bank of India (RBI). Axis Bank Axis Bank has clarified that it has complied with its underwriting practices and approval processes for any exposure taken in relation to SREI Equipment Finance and SREI Infra Finance. SREI Group’s outstanding dues to the bank stand at ₹800 crore. Embassy Office Parks REIT Embassy Office Parks REIT plans to raise $500 million (around ₹3,700 crore) through the sale of units to institutional investors through QIP to fund its acquisition of commercial asset Embassy TechVillage in Bengaluru. Mahindra &amp; Mahindra (M&amp;M) Mahindra &amp; Mahindra (M&amp;M) said it would increase the price of its passenger and commercial vehicles, across models from January 1. PVR PVR to consider fundraising via various methods at its board meeting on December 18. Mrs Bectors Food Specialities Mrs Bectors Food Specialities IPO sees an overall subscription of 3.72 times on the first day of bidding. JSPL Jindal Steel and Power Ltd (JSPL) has appointed Hemant Kumar as the Chief Financial Officer (CFO) and key managerial personnel from Tuesday. SEE ALSO:<a href="https://www.businessinsider.in/business/corporates/news/interview-home-recipes-that-are-set-for-a-7-million-ipo-mrs-bectors-food-is-no-cookie-cutter/articleshow/79721783.cms" data-type="tilCustomLink"> INTERVIEW: Home recipes that are set for a $73 million IPO⁠— Mrs Bector’s Food is no cookie cutter</a> <a href="https://www.businessinsider.in/thelife/personalities/news/facebook-ceo-mark-zuckerberg-and-reliance-industries-mukesh-ambani-spoke-but-had-no-chemistry/articleshow/79739547.cms" data-type="tilCustomLink">Zuckerberg spoke to Ambani but there was no chemistry — even with a multi-million dollar partnership between them</a>

Top stocks to watch — IDBI Bank, PNB, Axis Bank, M&M, Embassy REIT, PVR, and others

<ul><li>At 7:40 am, the SGX Nifty was up 0.30%, indicating a positive start for Nifty50.</li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to open in green on Monday, led by positive cues from the global markets. At 7:40 am, the SGX Nifty was up 0.30%, indicating a positive start for Nifty50. On Monday, the US stocks ended in positive territory as the head of the White House’s Operation Warp Speed said some Americans would be able to receive coronavirus vaccinations by mid-December. The Dow Jones Industrial Average closed 327 points higher, and the S&amp;P 500 was up 0.56%. These are the stocks to watch out for during the trading session today: Oil, paint, aviation stocks in focus Oil, paint and aviation stocks will be in focus during the trade as the<a href="https://www.businessinsider.in/stock-market/news/oil-jumps-to-highest-since-early-september-on-latest-sign-of-vaccine-progress/articleshow/79372419.cms"> crude oil prices </a>continue to rise. Crude oil climbed to its highest price since September 1 on Monday after AstraZeneca announced an encouraging update to the development of its coronavirus vaccine. Crude oil is a key component for manufacturing of paint and turbine fuel. Watch out for the likes of BPCL, HPCL, IOC, Asian Paints, Berger Paints, IndiGo, and others in these sectors. SpiceJet SpiceHealth, a company founded by SpiceJet promoters, has launched a budget Covid test. The company will conduct the Real-Time Polymerase Chain Reaction (RT-PCR) test for COVID-19 starting at ₹499. This will drastically reduce the price of the RT-PCR test which ordinally costs ₹3500. The shares of SpiceJet ended 3% lower on Monday. Ingersoll Rand India The promoter Ingersoll Rand Inc will sell up to 4.52% stake through an Offer for Sale (OFS) at a floor price of ₹578.6/share. The offer opens for non-retail investors today and tomorrow for retail investors. The shares of Ingersoll Rand India ended 3% higher on Monday. Coal India Four trade unions have served a one-day strike notice to the company and its arms on November 26; the company informed investors. Efforts would be made to avert the strike and conciliatory process is going on, it said, without giving out further details. Also, Coal India has raised non-coking coal prices by ₹10 per ton for regulated and non-regulated sectors The shares of Coal India ended 1% higher on Monday. GHCL The stock exchanges have given a no-objection letter for the demerger of the company’s textile business into GHCL Textiles. The shares of GHCL ended 2% higher on Monday. Muthoot Finance Gold loan NBFC Muthoot Finance has tied up with Bajaj Allianz General Insurance to provide insurance on gold jewellery as part of their new initiative - “Muthoot Gold Shield”, which is backed and powered by insurer’s Group Affinity All Risk policy. The policy is designed to provide insurance coverage of gold jewellery articles for customers of the company at the time of closure of a gold loan and the release of gold ornaments. The shares of Muthoot Finance ended 3% lower on Monday. PVR Gemasia has acquired 4.25 lakh shares or 0.77% stake in PVR at ₹1,265.67 per share. The shares of PVR ended 4% higher on Monday. GMR Infra A step-down subsidiary of GMR Infra, GMR Kamalanga Energy is required to pay claims of ₹1,005 crore to SEPCO Electric Power Construction Corporation towards project payments, prolongation costs, as confirmed by the arbitration tribunal. The shares of GMR Infra ended 6% higher on Monday. Jubilant Industries Jubilant Industries to transfer its liquor license and will not manufacture India Made Foreign Liquor hereon. The shares of Jubilant Industries ended 10% higher on Monday. Trigyn Technologies Trigyn Technologies has extended its contract with the United Nations for the provision of I.T. staffing support service till December 2021. The shares of Trigyn Technologies ended 10% higher on Monday. SEE ALSO: <a href="https://www.businessinsider.in/politics/world/news/biden-will-pick-former-federal-reserve-chair-janet-yellen-to-head-the-treasury-department/articleshow/79378968.cms" data-type="tilCustomLink">Biden will pick former Federal Reserve Chair Janet Yellen to head the Treasury Department</a> <a href="https://www.businessinsider.in/politics/world/news/boris-johnson-to-relax-the-national-coronavirus-lockdown-and-allow-households-to-celebrate-together-over-christmas/articleshow/79368293.cms" data-type="tilCustomLink">Boris Johnson relaxes the national coronavirus lockdown and says families can meet to celebrate Christmas</a>

Top stocks to watch — BPCL, IndiGo, Asian Paints, SpiceJet, Coal India, PVR, GMR Infra, Ingersoll Rand, and others

Film exhibition majors <keyword id="799" type="General" weightage="100" keywordseo="pvr" source="Orion">PVR</keyword> and <keyword id="6407732" type="General" weightage="20" keywordseo="INOX" source="Orion">INOX</keyword> Leisure on Sunday announced merger. Accordingly, the Board of PVR and the Board of INOX Leisure at their respective meetings approved an all <keyword id="13478774" type="General" weightage="20" keywordseo="stock-amalgamation-of-INOX-with-PVR" source="Orion">stock amalgamation of INOX with PVR</keyword>. "The amalgamation is subject to approval of the shareholders of PVR and INOX respectively, stock exchanges, <keyword id="35210" type="General" weightage="20" keywordseo="SEBI" source="Orion">SEBI</keyword> and such other regulatory approvals as may be required," a joint statement said. "Upon obtaining all approvals, when the merger becomes effective, INOX will merge with PVR." As per the statement, shareholders of INOX will receive shares of PVR in exchange of shares of the former at the approved exchange ratio. "Post the merger, the promoters of INOX will become co-promoters in the merged entity along with the existing promoters of PVR." "Upon effectiveness of the scheme, the Board of Directors of the merged company would be re-constituted with total board strength of 10 members and both the promoter families having equal representation on the Board with 2 board seats each." According to the statement, <keyword id="6738750" type="General" weightage="50" keywordseo="ajay-bijli" source="Orion">Ajay Bijli</keyword> would be appointed as the Managing Director and Sanjeev Kumar would be appointed as the Executive Director. "Pavan Kumar Jain would be appointed as the Non- Executive Chairman of the Board. Siddharth Jain would be appointed as Non-Executive Non-Independent Director in the combined entity." "The combined entity will be named as PVR INOX Limited with branding of existing screens to continue as PVR and INOX respectively. New cinemas opened post the merger will be branded as PVR INOX." Besides, post the merger, PVR promoters will have 10.62 per cent stake while INOX promoters will have 16.66 per cent stake in the combined entity. "The partnership of these two brands will put consumer at the centre of its vision and deliver an unparalleled movie going experience to them," said Ajay Bijli, Chairman and Managing Director of PVR. "The film exhibition sector has been one of the worst impacted sectors on account of the pandemic and creating scale to achieve efficiencies is critical for the long term survival of the business and fight the onslaught of digital OTT platforms." In addition, the combined entity will become the largest film exhibition company in India operating 1,546 screens across 341 properties across 109 cities. "The combination would augur well for the growth of the Indian cinema exhibition industry, besides ensuring tremendous value creation for all stakeholders, including customers, real estate developers, content producers, technology service providers, the state exchequer and above all, the employees." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/the-internet-made-me-do-it-how-flying-chappal-short-videos-are-normalising-physical-abuse/articleshow/90445408.cms">The internet made me do it: How flying chappal short videos are normalising physical abuse</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/how-this-former-vedantu-cofounder-is-taking-on-instagram-and-snapchat-to-build-social-media-for-teens/articleshow/90443442.cms">How this former Vedantu cofounder is taking on Instagram and Snapchat to build social media for teens</a>

PVR and INOX Leisure announce merger

<ul><li>At 7:50 am, the SGX Nifty was down 0.23%, indicating a tepid start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to open flat on Tuesday, on the back of mixed cues from the global peers. At 7:50 am, the SGX Nifty was down 0.23%, indicating a tepid start for Nifty50. Vaccine trial hopes are boosting global markets. US stocks soared as Moderna’s vaccine update <a href="https://www.businessinsider.in/science/health/news/moderna-says-its-coronavirus-vaccine-is-94-5-effective-against-covid-19-a-crucial-victory-in-the-fight-against-the-pandemic/articleshow/79247349.cms">shows its coronavirus vaccine is 94.5% effective against COVID-19</a>. The Dow Jones Industrial Average closed 470 points higher, and the S&amp;P 500 closed 1.16% higher. These are the stocks to watch out for during the trading session today: Reliance Industries India’s richest man Mukesh Ambani-owned Reliance Industries’ retail arm has picked up 96% stake in online furniture retailer <a href="https://www.businessinsider.in/retail/news/reliance-retail-acquires-urban-ladder-for-182-crore-at-a-sixth-of-the-startups-peak-valuation-in-2018/articleshow/79230550.cms">Urban Ladder</a> for over ₹182 crore. The company said this acquisition would help Reliance Retail in bolstering its presence in the fast-growing e-commerce segment and widening the bouquet of consumer products provided by it as it looks to compete with e-commerce majors like Amazon and Flipkart. The shares of Reliance Industries ended 1.09% higher on Saturday. Future Retail Amazon is seeking to control <a href="https://www.timesnownews.com/business-economy/companies/article/amazon-seeks-control-of-rs-30k-crore-future-group-assets-with-rs-1431-crore-investment/682460">100% of Future Retail by controlling the entire Kishore Biyani’s Groups majority equity</a> in FRL, which means with an investment of ₹1,431 crore, it seeks to control Future Groups assets worth about ₹30,000 crore. The shares of Future Retail ended flat on Saturday. BPCL The much-anticipated privatisation process of the Bharat Petroleum Corporation (BPCL) completed its first phase on Monday with several suitors submitting Expressions of Interest (EoI) for the state-run oil major. The transaction will move to the second stage after scrutiny by the transaction adviser, according to a tweet from the Secretary of the Department of Investment and Public Asset Management (DIPAM). The shares of BPCL ended 5% higher on Saturday. Wipro The global information technology giant Wipro and SNP Schneider-Neureither &amp; Partner SE announced a strategic partnership to help customers accelerate their enterprise transformation journey. As part of the partnership, Wipro will leverage SNP’s CrystalBridge data transformation platform and the Bluefield approach to provide customers worldwide with a flexible, fast and secure migration to SAP S/4HANA, a statement said. The shares of Wipro ended 0.10% higher on Saturday. Larsen &amp; Toubro Engineering and construction giant Larsen &amp; Toubro has emerged as the lowest bidder for a ₹3,200 crore project to build a road bridge over the Brahmaputra river, according to an NHIDCL official. It will be one of the longest road bridges over a river in the country and on completion will connect two eastern states - Assam and Meghalaya. The shares of Larsen &amp; Toubro ended 1% lower on Saturday. NBCC The state-owned construction firm NBCC on Monday said it had bagged business orders worth ₹1,165.52 crore last month. The shares of NBCC ended 0.4% lower on Saturday. PVR The cinema giant PVR has launched a new single screen cinema in Lucknow, and opened three new screens in Faridabad. The shares of PVR ended 0.5% higher on Saturday. SEE ALSO:<a href="https://www.businessinsider.in/science/health/news/moderna-says-its-coronavirus-vaccine-is-94-5-effective-against-covid-19-a-crucial-victory-in-the-fight-against-the-pandemic/articleshow/79247349.cms" data-type="tilCustomLink"> Moderna says its coronavirus vaccine is 94.5% effective against COVID-19, a crucial victory in the fight against the pandemic</a> <a href="https://www.businessinsider.in/stock-market/news/dow-soars-375-points-to-near-record-as-modernas-vaccine-update-boosts-investor-optimism/articleshow/79249468.cms" data-type="tilCustomLink">Dow soars 450 points to new record as Moderna's vaccine update boosts investor optimism</a>

You Searched For "pvr shares" and got 11 results

PVR-INOX, now fifth largest listed multiplex chain globally, awaits good movies

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PVR, Indian Hotels, banks and other hot stocks to watch out for on December 30

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Shares of PVR, INOX, Burger King, Barbeque Nation tumble as investors panic over the new COVID-19 variant

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PVR, Inox, Vodafone Idea, HDFC Bank and other top stocks to watch out for on September 27

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Inox Leisure, PVR stocks shine on hopes of theatres reopening soon

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Indian film industry lost 24 million moviegoers to the pandemic: Ormax

Eetika Kapoor

Inox, PVR stocks surge, BookMyShow heaves a sigh of relief as cinemas are set to reopen from October 15

Sanchita Dash

Top stocks to watch — IDBI Bank, PNB, Axis Bank, M&M, Embassy REIT, PVR, and others

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Top stocks to watch — BPCL, IndiGo, Asian Paints, SpiceJet, Coal India, PVR, GMR Infra, Ingersoll Rand, and others

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PVR and INOX Leisure announce merger

IANS

Top stocks to watch — RIL, Future Retail, BPCL, Wipro, L&T, and others

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