Inox has written to the Securities and Exchange Board of India (Sebi), saying the statements made by media veteran Ronnie Screwvala about the virtual print fee (VPF) — a charge levied by film exhibitors — were false and misleading. Inox is the second firm after PVR in a month to write to the markets regulator on the issue.
The letter dated April 26, a copy of which is with Business Standard, says Inox was informed about Screwvala’s complaint to the Competition Commission of India (CCI) only on April 11, a month after he had approached the body. In the interim, Inox