Q. Recently, merger of INOX Leisure Ltd and PVR Ltd was making news. Who has been named the new Managing Director of PVR INOX Ltd?
Answer:
Pavan Kumar Jain
Notes: Multiplex companies INOX Leisure Ltd and PVR Ltd have announced the merger of their two companies. Inox will have a 16.66% stake in the new firm and PVR will have a 10.62% stake. After the formalities of the merger, the company will be known as PVR Inox Limited. Ajay Bijli will be Managing Director of PVR Inox Limited, Sanjeev Kumar will be executive director and Pavan Kumar Jain will be non-executive chairman of the consolidated board.