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.
Asian stocks open mixed after Wall Street rally
Investors in Asia are still digesting the impact of US President Donald Trump’s first few days in office, which have sent mixed signals to investors.