The two entities announced the merger on March 22 — Inox is merging with PVR — though regulatory approvals are still pending. The merged entity would be called PVR Inox Ltd. The management has decided to operate the old cinemas under their respective names and to open new cinemas under the PVR-Inox brand.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of