News: The Competition Commission of India (CCI) has rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure. Consumer Unity & Trust Society (CUTS) had urged the CCI to investigate “possible anti-competitive effects” of the proposed merger between Inox Leisure and PVR on the film exhibition industry.
View: With no major objections raised by CCI, the merger is on track for completion within the stipulated time. The companies are currently waiting for NCLT approval.
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