PVR-Inox: Merger faces no threat from OTT; CCI approval eyed, say analysts

PVR and Inox have seen strong bounceback led by compelling movie content, rise in average ticket prices, and food and beverage (F&B) revenue per head surpassing pre-pandemic levels

The proposed merger of PVR and Inox Leisure received a blockbuster response from investors as their shares soared up to 12 per cent on the bourses on Monday. The shares of PVR surged 3 per cent to close at Rs 1,883.5 per share, while those of Inox Leisure ended 12 per cent higher at Rs 535.5 apiece. In comparison, the benchmark S&P BSE Sensex edged 0.4 per cent up.

Analysts now see up to 31 per cent upside in Inox Leisure's stock and 26.5 per cent in PVR as they eye operational synergies, better cash flows and stranglehold over