Shardul Amarchand Mangaldas & Co. advises PVR Limited in the merger of INOX Leisure Limited with PVR Limited
March 29, 2022
Shardul Amarchand Mangaldas & Co. advised PVR Limited in the proposed merger of INOX Leisure Limited with PVR Limited.
The Board of Directors of PVR Limited and INOX Leisure Limited approved, on 27 March 2022, the proposed amalgamation of INOX Leisure Limited into and with PVR Limited.
The amalgamation is subject to approval of the shareholders of PVR and INOX respectively, stock exchanges, SEBI and such other regulatory approvals as may be required. Further details of the transaction, along with related statutory disclosures, are available on the BSE and NSE websites.
The deal team was led by Raghubir Menon, Partner and Anirban Bhattacharya, Partner, together with Tanya Pahwa, Principal Associate, Tushnaz Patel, Senior Associate, Swati Sharma, Senior Associate, Shrungar Bhuva, Associate, Devangana Mandal, Associate, Shubhangi Maheshwari, Associate, Parth Sharma, Associate and Manisha Nayak, Associate.
The securities team was led by Yogesh Chande, Partner and Kanwardeep Kapany, Principal Associate, together with Preeti Kapany, Associate and Shweta Ojha, Associate.
The competition team was led by Shweta Shroff Chopra, Partner and Manika Brar, Partner, together with Aniket Ghosh, Senior Associate and Apurv Jain, Associate.
The litigation team was led by Anirudh Das, Partner.
The intellectual property team was led by J.V. Abhay, Partner, together with Madhur Chopra, Senior Associate.
Khaitan & Co. acted as legal advisors to INOX Leisure Limited on this transaction.