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PVR INOX Limited is an Indian multiplex chain. It was formed in 2023 as a result of the merger between PVR Cinemas and INOX Leisure Limited. [3] [4] PVR pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at Vasant Vihar, New Delhi.
After the on-and-off negotiations for years, the cinema chain was finally acquired by PVR Cinemas in August 2018. [12] In August 2019, the National Company Law Tribunal (NCLT) New Delhi-branch approved the amalgamation of SPI Cinemas into PVR Cinemas with effect from the appointed date of 17 August 2018, PVR said in the exchange filing.
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The company has its origin is Priya Cinema in Vasant Vihar in South Delhi, which was bought by current owner 's father in 1978, who also owned a trucking business, Amritsar Transport Co. In 1988, Bijli took over the running of the cinema hall, which was revamped in 1990, and its success led to the founding PVR Cinemas.
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Ajay continued to expand PVR in other parts of Delhi, and had 12 screens by the year 2000. After his Australian partner left Village Roadshow from Indian market, Bijli decided to expand his business, and negotiated deals worth Rs. 100 crores for nearly 50 screens across Hyderabad, Delhi, Bangalore and Mumbai by 2001.
PVR INOX This page was last edited on 26 November 2024, at 18:08 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...