A big update coming in for all movie lovers who enjoy the cinematic experience on the 70mm big screen.

As per the latest reports in Hindustan Times, top multiplex players PVR and INOX on March 27 announced merger after the Board Of Directors had a meeting today. Reports reveal that a complete stock amalgamation of PVR and Inox has been announced and the new brand entity will be named PVR Inox Limited. Reports reveal that Ajay Bijli would be appointed as the Managing Director and Sanjeev Kumar will take charge as the Executive Director under the amalgamation.

What’s your take on this news folks? Let us know your views in the comments section below and for more updates, stay tuned to IWMBuzz.com