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PVR approves amalgamation with Bijli Holdings

The multiplex operator PVR said that it has approved a scheme of amalgamation between Bijli Holdings Pvt Ltd and itself for the purpose of simplifying PVR’s shareholding structure.

The company said in a BSE filing that”The Board of Directors has considered and approved the Scheme of Amalgamation…between Bijli Holdings, based on the recommendation of the audit committee.”

PVR said, “Bijli Holdings is part of the Promoter Group of PVR. Post-amalgamation, paid-up capital of the company will remain the same and there shall be no dilution for any shareholders including public shareholders.”

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