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.
India, France near deal on tax treaty, to lower levy on dividends paid to French parent companies
India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while