Kritika Agarwal, Associate Partner, Corporate, M&A and Competition, Majmudar & Partners, was quoted by moneycontrol.com on the PVR-INOX merger. On the topic of the merger, she stated that the PVR-INOX merger may not require pre-merger clearance from the CCI as their combined revenues are well below the prescribed minimum threshold of Rs 1,000 crore.
“While PVR and INOX are set to create a dominant player with significant concentration in certain geographies, the deal has also been planned at an opportune time as revenues have taken a hit in the last two years and the deal will not have to pass CCI’s scrutiny”, she said.