Consumer Unity & Trust Society (CUTS) has filed complaint against the proposed merger agreement between multiplex operators PVR and INOX Leisure, claiming that the deal will have anti-competitive impact on the film exhibition industry. CUTS has approached the Competition Commission of India (CCI) to investigate the matter.
Earlier, PVR and INOX Leisure had declared the merger to create the largest multiplex chain in the country with a network of more than 1,500 screens to unlock the opportunities in tier III, IV and V cities, besides in the developed markets.
INOX Leisure is amongst India’s largest multiplex chains.
