PVR Inox informed the exchange into it had entered into a Shareholders’ Agreement with Devyani International Limited, including proposed incorporation of a company.
Devyani PVR INOX Private Limited has been incorporated on 26th July, 2024 inter alia to undertake the business relating to development and operation of food courts situated within shopping malls in India.
PVR INOX Limited and Devyani International Limited shall hold the share capital of Devyani PVR INOX in the ratio of 49:51 respectively.
Devyani PVR INOX shall aim at exploring opportunities within shopping malls in India for long-term development and operation of food courts.