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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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A unified booking portal and app will also be launched soon in place of PVR and Inox websites and apps. The merged entity plans to open 150 screens in FY24 with an investment of around ₹500 crore, aiming to expand into Tier 3 and Tier 4 cities in India.
PVR INOX Pictures Limited is the film distribution arm of PVR INOX, which also owns PVR Cinemas and INOX Leisure, two of the largest multiplex companies in India. It was earlier named PVR Pictures but post the merger with INOX Leisure, it was rebranded as PVR INOX Pictures in 2023.
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Phoenix Marketcity is a shopping mall developed by The Phoenix Mills Co. Ltd., located in Bengaluru, Karnataka, India.. It is the largest mall in Bangalore by area and occupying with total area of 1,000,000 square feet (93,000 m 2) on four floors, which houses 296 stores, [2] a nine-screen PVR Cinemas multiplex [3] and a food court.
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