In today’s briefing:
- PVR & Inox Merger | Leveraging COVID Impact to Gain Dominance in Indian Multiplex Market
- Morning Views Asia: Lippo Karawaci, Sunac China Holdings, Vedanta Resources
PVR & Inox Merger | Leveraging COVID Impact to Gain Dominance in Indian Multiplex Market
- PVR Ltd (PVRL IN) & Inox Leisure (INOL IN) announced a stock merger. The merger would be in a ratio of 3:10, creating the largest multiplex company in India.
- Synergies include more bargaining power, better F&B margins and more ad revenues
- Thanks to COVID’s impact, the merger may not require approval from CCI.
Morning Views Asia: Lippo Karawaci, Sunac China Holdings, Vedanta Resources
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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