The property opens gates to endless opportunities for aspiring models and plays the role of a mentor in their fashion journey. ![]() The internationally acclaimed Face of India (FoI) fest, in association with the AMF, held its grand finale in Pune and crowned six winners from over 6,000 entries received from various parts of the country. The 2022 grand finale held in Pune recently. Asian models from round the world have reached top runways making an impact in this business known for its need for greater diversity and representation. It is rightly said that if the proportion of Asian customers increases by one unit, the proportion of Asian models also increases in the subsequent year. Some administrative cost rationalisation on overlaps is also possible.Īsia has become a notable force within the fashion business. Furthermore, they would have higher leverage in convenience fee deals (with Bookmyshow and Paytm) and distribution revenues. Key synergy of both companies will be bargaining power in costs (especially rental) wherein they compete for premium space as well revenues such as advertisement or ATP discount of 6-7 per cent between Inox and PVR, which could catch up, ICICI Securities said in a note. The combined entity will become the largest film exhibition company in India with 1,546 screens, at around 50 per cent multiplex screen market share and around 42 per cent box office collection market share. The new cinemas opened post the merger will be branded as PVR INOX. The combined entity will be named as PVR INOX Limited with branding of existing screens to continue as PVR and INOX respectively. Post-merger, PVR promoters will own 10.62 per cent stake while Inox promoters will have a 16.66 per cent stake in the combined entity with equal representation in the board with two seats each for promoter entities in a 10-member board. ![]() It had hit a record high of Rs 2,081 on February 20, 2020. The stock trimmed gains mildly and was up 5 per cent at Rs 1,925.25 later. PVR, meanwhile, surged 10 per cent to Rs 2,010, also its 52-week high on the BSE. As of 09:17 am, the stock traded 15 per cent higher at Rs 540, as compared to 0.06 per cent decline on the S&P BSE Sensex. ![]() The stock surpassed its previous high of Rs 510.80 touched on February 25, 2020. In trades so far, INOX Leisure hit a record high of Rs 563.60, zooming 20 per cent in intra-day trade. Shareholders of Inox will receive three shares of PVR in exchange for 10 shares in Inox. Shares of PVR and Inox Leisure zoomed up to 20 per cent on the BSE in Monday’s intra-day trade after they announced merger between the two major multiplex owners, in an all-stock amalgamation of Inox with PVR.
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