Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Motilal Oswal Securities Ltd.
$138.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Cinemax India Ltd Announces Amalgamation With PVR Limited


Saturday, 15 Jun 2013 04:01am EDT 

Cinemax India Ltd announced that the Board of Directors of the Company at meeting held on June 15, 2013, approved the amalgamation of Cinemax India Limited with PVR Limited. The Board of Directors of the Company, based on the Joint valuers report received from Independent Valuers, M/s. Hari Bhakti & Co. and M/s. S.S.P.A. & Co. -Chartered Accountants and further based on Fairness Opinion Report received from AXIS Capital, Category-I Merchant Banker and as per the report received from the Audit Committee recommending the draft scheme taking in to consideration inter-alia the aforesaid Valuation Reports, approved the Swap ratio i.e. for every seven equity shares of face value of INR5 each of Cinemax India Limited, issue of four equity shares of face value of INR10 each of PVR Limited. The Board of Directors also approved the Scheme of Amalgamation for the merger of Cinemax India Limited with PVR Limited. 

Company Quote

695.25
-3.25 -0.47%
5 Mar 2015