Inpx merger update

KINS Technology Group Inc. (KINZ) to acquire CXApp Holding Corp., a subsidiary of Inpixon (NASDAQ: INPX) in a transaction valuing the pro forma entity at enterprise value of *$120.38 million (*$129.88 million of equity value). ... CXApp shareholders will receive an aggregate merger consideration of $69 million at $10.00 per share (10% KINS ...

Inpx merger update. NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Inpixon (NASDAQ: INPX) and XTI Aircraft Company is fair to Inpixon shareholders ...

XTI Aerospace to Host Business Update Presentation on March 25, 2024 to Outline the Company's Corporate Strategy ENGLEWOOD, Colo., March 20, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI Aerospace" or the "Company") today announced it will host a business update presentation at 11:00 a.m. Eastern Time on Monday, March 25, 2024 to discuss the corporate strategy subsequent to the...

The enterprise value of XTI was ascertained by an independent financial advisory firm to be within the range of $252 million and $343 million. 1 Additional information is available on the merger ...Business Update Presentation with XTI Aircraft Management to be Held Today at 4:30 p.m. ET. PALO ALTO, Calif., Aug. 14, 2023 /PRNewswire/ -- Inpixon® (Nasdaq: INPX), a leading provider of real-time location systems (RTLS), today provided a business update and reported financial results for the second quarter ended June 30, 2023.The merger will enable our shareholders to participate in this significant opportunity." In connection with the consolidation of the Company's common stock, every one hundred (100) shares of its outstanding common stock (INPX) will automatically be combined into one (1) share of common stock of the combined company (XTIA).Inpixon Provides Update on Pending Strategic Transactions PALO ALTO, Calif., Jan. 12, 2024 /PRNewswire/ -- Inpixon® (Nasdaq: INPX) announced today that it is working with XTI Aircraft Company to expeditiously satisfy applicable closing conditions to the previously announced business combination transaction. The parties intendIn today’s fast-paced world, staying informed about current events is crucial. Whether you’re a concerned citizen, a journalist, or simply interested in knowing what’s happening ar...3.10 (0.61%) Explore Now. New Delhi: PVR and Inox Leisure have received approval from Sebi and stock exchanges regarding the proposed merger, three months after the merger announcement. The next step for the two multiplex owners is to get clearance from the National Company Law Tribunal (NCLT), which as per Nirmal Bang Institutional Equities ...Would really like to hear from all the people in this sub who were radically pumping this stock like this merger would be a huge 10x banger once the announcement came through. I admit I bought on a whim, am still holding a .19 average, but plan to see this out to breaking even or losing it all. Just curious to hear what everyone's thoughts are.

New Delhi: Leading film exhibition players PVR Ltd and Inox Leisure Ltd, after a meeting of their board of directors on Sunday, announced a merger deal to create the largest multiplex chain in India with a network of over 1,500 screens. After the meeting, it has been decided that the combined entity would be named PVR Inox Ltd with the branding of existing screens to continue as PVR and Inox ...Inpixon Provides Update on Pending Strategic Transactions PALO ALTO, Calif., Jan. 12, 2024 /PRNewswire/ -- Inpixon® (Nasdaq: INPX) announced today that it is working with XTI Aircraft Company to expeditiously satisfy applicable closing conditions to the previously announced business combination transaction. The parties intendIt’s important to keep your operating system up to date, and for Windows users, that means regularly updating Windows 10. These updates not only bring new features and improvements...INPX | Complete Industriaimport-Industriaimpex AD stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.#INPX - Inpixon Enters into Definitive Merger Agreement with XTI Aircraft Company Developer ... #ARCH - Arch Resources Provides Update on Third Quarter 2023 Results Revised Full Year 2023 Guidance ...Inpixon® (Nasdaq: INPX) today announced that its board of directors has set December 27th, 2023 as the record date ("Record Date") for determining the holders of Inpixon's outstanding capital ...

New Delhi: Leading film exhibition players PVR Ltd and Inox Leisure Ltd, after a meeting of their board of directors on Sunday, announced a merger deal to create the largest multiplex chain in India with a network of over 1,500 screens. After the meeting, it has been decided that the combined entity would be named PVR Inox Ltd with the branding of existing screens to continue as PVR and Inox ...Inpixon® (Nasdaq: INPX), a leading provider of real-time location systems ("RTLS"), announced it has entered into a definitive merger agreement with XTI Aircraft Company ("XTI"), an aviation company developing the TriFan 600, a fixed-wing, vertical takeoff and landing (VTOL) aircraft. The enterprise value of XTI was ascertained by an independent financial advisory firm to be within thePVR Inox results: The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) synergy benefits were seen at ₹124 crore to ₹143 crore in the first half, as per the company.The Transaction. Per the public filings: On April 14, 2021, the Company completed a reverse triangular merger with TTM Digital Assets & Technologies, Inc. ("the Merger"). By the Merger, the ...

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A merger between INPX and XTI Aircraft Company is expected to close in Q1 2024 (originally Q3 2023) and will spawn XTI Aerospace, Inc., aiming to disrupt the VTOL aircraft sector with its TriFan 600, backed by over 700 conditional pre-orders worth an estimated $7.1 billion. Inpixon also plans to spin off Grafiti Holding, merging with Damon ...Inpixon (INPX) Announces Shareholder Approval of Proposals Related to Merger Agreement with XTI Aircraft Company. Article Related Press Releases (1) Stock Quotes (1)PALO ALTO, Calif., July 25, 2023 /PRNewswire/ -- Inpixon® (Nasdaq: INPX), a leading provider of real-time location systems ("RTLS"), today announced it has entered into a definitive merger agreement with XTI Aircraft Company ("XTI"), an aviation company developing the TriFan 600, a fixed-wing, vertical takeoff and landing (VTOL) aircraft.Merger Expected to be Completed during the Fourth Quarter of 2023 . Business Update Presentation with XTI Aircraft Management to be Held Today at 4:30 p.m. ET ... August 14, 2023/PRNewswire/ -- Inpixon® (Nasdaq: INPX), a leading provider of real-time location systems (RTLS), today provided a business update and reported financial …

Jul 25, 2023 ... INPX Valuations · INPX Annual Reports · INPX Quarterly Reports · INPX Corporate News · INPX Merger Prospectus · INPX Registratio...Show all updates. Recent updates. Inpixon has withdrawn its Follow-on Equity Offering in the amount of $10 million. Mar 14 ... INPX) in a reverse merger transaction. Jul 26 + 2 more updates. Inpixon announced delayed 10-Q filing May 17. First quarter 2023 earnings released: US$0.98 loss per share (vs US$9.40 loss in 1Q 2022)Show all updates. Recent updates. Inpixon has withdrawn its Follow-on Equity Offering in the amount of $10 million. Mar 14 ... INPX) in a reverse merger transaction. Jul 26 + 2 more updates. Inpixon announced delayed 10-Q filing May 17. First quarter 2023 earnings released: US$0.98 loss per share (vs US$9.40 loss in 1Q 2022)Inpixon® (Nasdaq: INPX) today provided a business update and reported financial results for the third quarter ended September 30, 2023. ... Upon completion of the merger, Grafiti will be renamed ...Leading movie exhibition players PVR and INOX Leisure announced a merger deal to create the largest multiplex chain. The new entity which will be named ‘PVR INOX Limited’ will have a network of 1,546 screens in India. Pavan Kumar Jain, chairman of Inox Group, will become the non-executive chairman of the board of the combined entity …The National Company Law Tribunal on Thursday, January 12, 2023, approved the merger of multiplex operators PVR and Inox, the two chains said in separate filings to the stock exchanges. Advocates ...Supermarket chains Kroger and Albertsons said Monday they will sell more of their stores in an effort to quell the federal government’s concerns about their proposed …Inpixon Reports 21% Growth in Revenue to $19.4 Million for the 2022 Fiscal Year . Conference Call to be Held Today at 4:30 p.m. Eastern Time . PALO ALTO, Calif., March 30, 2023 /PRNewswire/ -- Inpixon® (Nasdaq: INPX), the Indoor Intelligence® company, today provided a business update and reported financial results for the fiscal …PALO ALTO, Calif., March 11, 2024 /PRNewswire/ -- Inpixon ® (Nasdaq: INPX) ("Inpixon" or the "Company") today announced that the Company and XTI Aircraft Company anticipate the closing date of the previously announced merger will be after market close on March 12, 2024. Following closing, the Company will operate under the name "XTI ...Dec 13, 2023 ... Inpixon #INPX Stock Analysis | BUY, SELL, or HOLD?! 551 ... Inpixon Shareholders Prepare to Soar: Voting on VTOL Aircraft Developer XTI Merger.SOL Global Investments (OTCPK:SOLCF) said Tuesday its portfolio company Damon Motors has signed a definitive agreement with Inpixon (NASDAQ:INPX) to complete a reverse merger with a proposed spin ...Update Film Exhibition Sector Leisure PVR-INOX merger: Synergies, better FCF & stranglehold over real estate The two largest players in the Indian film exhibition industry - PVR and Inox Leisure (INOL) - on 27th March, 2022 approved an all-stock merger. This comes as a major twist in the context of the talks between PVR and

PVR-Inox merger: Record date for share allotment to Inox shareholders announced. 1 min read 07 Feb 2023, 02:02 PM IST Trade Now. Livemint. In October 2022, PVR received the nod from its ...

XTI Aerospace to Host Business Update Presentation on March 25, 2024 to Outline the Company's Corporate Strategy . Mar 12, 2024 4:45 pm EDT ... 2024 . Mar 11, 2024 11:45 am EDT. Inpixon Announces Anticipated Closing Date for XTI Merger and Share Consolidation . Feb 12, 2024 9:30 am EST. XTI Aircraft Company Receives …PALO ALTO, Calif, Jan. 18, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence™ company, announced today it has contracted with a premier automotive vehicle manufacturer to ...Jan 12, 2023 · After the merger, INOX promoters will own a 16.7 percent stake, while PVR promoters will have a 10.6 percent stake in the combined entity. ... Sensex, and Nifty updates. Obtain Personal Finance ... Inpixon Provides Update on Pending Strategic Transactions PALO ALTO, Calif., Jan. 12, 2024 /PRNewswire/ -- Inpixon® (Nasdaq: INPX) announced today that it is working with XTI Aircraft Company to expeditiously satisfy applicable closing conditions to the previously announced business combination transaction. The parties intendInpixon, a provider of real-time location systems, today announced it has entered into a definitive merger agreement with XTI Aircraft Company, an aviation company developing the TriFan 600, a fixed-wing, vertical takeoff and landing (VTOL) aircraft. The enterprise value of XTI was ascertained by an independent financial advisory firm to be ...PALO ALTO, Calif., August 4, 2023 /PRNewswire/ -- Inpixon® (Nasdaq: INPX), a leading provider of real-time location systems (RTLS), today announced it will host a conference call presentation at 4:30 p.m. Eastern Time on Monday, August 14, 2023 to provide a business update as well as a presentation by the management of XTI Aircraft Company ("XTI") following the recently announced ...Inpixon Provides Update ... Inpixon Schedules Business Update Conference Call and Presentation by XTI Aircraft Management ... Merger of Inpixon - INPX. By Business ...PVR. Two of India 's top three multiplex operators PVR and Inox Leisure are to merge creating a clear market leader in the sector. Inox shareholders will receive three new PVR shares for every ...

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The merger is an all-stock amalgamation, one that is great for both PVR and INOX since the massive cash burnt and losses made by them in the recent years. In terms of overall valuations, analysts valued Inox at INR 6500 Cr and PVR at about Rs 11,000 crore. The combined entity valuation could be higher by 25-30%, creating nothing short of an ...Nov 14, 2023, 16:05 ET. Entered into a Definitive Merger Agreement with XTI Aircraft; Transaction Expected to be Completed during the Fourth Quarter of 2023. Entered into a …The Transaction. Per the public filings: On April 14, 2021, the Company completed a reverse triangular merger with TTM Digital Assets & Technologies, Inc. (“the Merger”). By the Merger, the ...The disadvantages of a merger typically include the loss of jobs for workers and choice for customers, and the advantages are increased diversity and market penetration. Cost can b...Please enter a search term. Primary Menu. 🔴STREAMS. ABC4 Live — Traffic, Weather, Events Stream; ABC4 Replay StreamInpixion Gives Update on Upcoming Merger with XTI Aircraft Company. Inpixion (NASDAQ:INPX) ATLANTA , GA, US, February 6, 2024 /⁨EINPresswire.com⁩/ -- PALO ALTO, Calif., February 6, 2024-- Inpixon® (Nasdaq: INPX) announced in January that it is working …Inox Wind Energy share price gains 16% on merger news with the parent company, Inox Wind. The stock opened at ₹ 1,950.1 versus the previous closing of ₹ 1,812.4, then further gained to touch a ...PALO ALTO, Calif., Sept. 26, 2022 (GLOBE NEWSWIRE) -- KINS Technology Group Inc (NASDAQ: KINZ) (“KINS”), a special purpose acquisition corporation sponsored by KINS Capital LLC, announced the ...PALO ALTO, Calif., Dec. 11, 2023 /PRNewswire/ -- Inpixon® today announced that it has received shareholder approval of the proposals related to the previously announced merger agreement with XTI...Inox Wind Board approves merger of Inox Wind Energy Limited into the Company: 08/06/2023: Inox Wind bags order of 100 MW for its 3.3 MW turbines from ABEnergia Renewables Private Limited: ... SECI Tranche I Projects update: 08/11/2019: IWL_Press Release - Q2FY20 Results: 04/11/2019: IWL- Inox Wind Secures 38MW Order From Renew Power: ….

1mo. ("XTI Aerospace" or the "Company") today announced the closing of the merger between Inpixon® and XTI Aircraft Company ("XTI") after market close on March 12, 2024. The newly combined ...Business Update Presentation with XTI Aircraft Management to be Held Today at 4:30 p.m. ET. PALO ALTO, Calif., August 14, 2023/PRNewswire/ -- Inpixon® (Nasdaq: INPX), a leading provider of real-time location systems (RTLS), today provided a business update and reported financial results for the second quarter ended June 30, 2023.Apr 30, 2018 ... We have no position in Inpixon (INPX), a tiny little $3 million market cap company that is not particularly noteworthy in any way except for one ...Inpixon Enters into Definitive Merger Agreement with XTI Aircraft Company, Developer of a Vertical Lift Crossover Airplane (VLCA) Jul 25, 2023 9:00am EDT ... Inpixon Reports 2022 Financial Results and Provides Business Update . Mar 30, 2023 4:05pm EDT. Inpixon Schedules 2022 Year-End Financial Results and Business Update Conference CallSep 26, 2022 · PALO ALTO, Calif., Sept. 26, 2022 (GLOBE NEWSWIRE) -- KINS Technology Group Inc (NASDAQ: KINZ) (“KINS”), a special purpose acquisition corporation sponsored by KINS Capital LLC, announced the ... After the merger, the promoters of INOX will become co-promoters in the merged entity along with the existing promoters of PVR. Further, the board of directors of the merged company would be re-constituted with a total board strength of 10 members. Moreover, both the promoter families will have equal representation with two board seats …When completed, the merger will result in a combined publicly traded company that will focus on advancing the TriFan 600 to market, as well as continuing to offer Inpixon's real-time location systems (RTLS) technology to manufacturing and warehousing facilities for streamlined operations, greater efficiency, and improved safety.While existing multiplex screens will retain their brands, new cinemas opened post the merger will be branded as PVR Inox, PVR told stock exchanges on Sunday. The merged entity will be named PVR ...A high-level overview of XTI Aerospace, Inc. (XTIA) stock. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Inpx merger update, XTI Aircraft Company completed the acquisition of Inpixon from a group of shareholders in a reverse merger transaction. Mar. 11 CI. More news. Latest ..., Updated On - 27 March 2022, 07:01 PM. New Delhi: Cinema brands PVR Limited and INOX Leisure Limited announced their merger on Sunday with a view to "delivering an unparalleled movie-going experience" to the audience. The combined entity will be named PVR INOX Limited with the branding of existing screens to continue as PVR and INOX ..., NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Inpixon (NASDAQ: INPX) and XTI Aircraft Company is fair to Inpixon shareholders ..., Post-merger, he said, PVR and Inox would jointly have 1,500 screens. "We would add 200 to 250 screens every year and we are looking in the next five years maybe (as) 3,000 to 4,000 screens company ..., Play Earnings Call. Inpixon ( NASDAQ: INPX) Q2 2023 Earnings Call Transcript August 14, 2023 4:30 PM ET. Company Participants. Alexandra Schilt - Investor Relations, Vice President of Crescendo ..., PALO ALTO, Calif., December 11, 2023 /PRNewswire/ -- Inpixon® (NASDAQ:INPX) today announced that it has received shareholder approval of the proposals related to the …, Inpixon Provides Update on Pending Strategic Transactions PR Newswire PALO ALTO, Calif., Jan. 12, 2024 PALO ALTO, Calif., Jan. 12, 2024..., Transaction in Addition to XTI Aircraft Merger Provides Opportunity to Maximize Shareholder Value for Inpixon Shareholders Damon Reports Approximately $85 Million in Pre-Production Consumer ..., Regular-Way Trading of CXAI Begins Tomorrow on Nasdaq . PALO ALTO, Calif., March 14, 2023--(PRNewswire)-- Inpixon® (Nasdaq: INPX) today announced the completion of the expected tax-free distribution (“Distribution") of 100% of the outstanding capital stock of its subsidiary CXApp Holding Corp. on a pro rata basis to holders of …, INPX today is very tight today waiting merger news this quarter. Next easy play ready to go in next days are PEGY and SINT in my opinion. ... Inspira™ Announces Breakthrough Update: Nears First FDA 510(k) Approval, 3 U.S. Patents Approved, $546 million in Summary Distribution Agreements, Regular-Way Trading of CXAI Begins Tomorrow on Nasdaq . PALO ALTO, Calif., March 14, 2023--(PRNewswire)-- Inpixon® (Nasdaq: INPX) today announced the completion of the expected tax-free distribution (“Distribution") of 100% of the outstanding capital stock of its subsidiary CXApp Holding Corp. on a pro rata basis to holders of …, PALO ALTO, Calif., July 25, 2023 /PRNewswire/ -- Inpixon® (Nasdaq: INPX), a leading provider of real-time location systems ("RTLS"), today announced it has entered into a definitive merger agreement with XTI Aircraft Company ("XTI"), an aviation company developing the TriFan 600, a fixed-wing, vertical takeoff and landing (VTOL) aircraft., Inpixon (INPX) SEC Filing 10-Q Quarterly Report for the period ending Friday, June 30, 2023, The companies will launch a merger information portal at xti-inpx-merger.com where interested parties can keep abreast of transaction news. David Brody, founder and chairman of XTI Aircraft Company, commented, "We're excited to announce this transaction, which we believe will be a transformative event for both companies. We believe that the ..., In this video we cover $INPX stock that has had a major bullrun from the latest merger news, We caught this alert for the bullrun in the Banking With Billy D..., MERGER February 07, 2023 For Information Purpose Only Inox Limited CMP = Rs.500.00 MCAP (Cr.) = Rs. 6102.27 PVR Limited CMP = Rs. 1687.70 MCAP (Cr.) = Rs. 10336.56 Feb Future = Rs. 1691 *Swap Ratio = * Share Exchange Ratio of 3 shares of PVR for 10 shares of INOX will be issued* E-mail: [email protected], On March 27, 2022, PVR Limited ("PVR") announced that it proposes to merge with INOX Leisure Limited (" INOX "). Pursuant to the merger, the shareholders of INOX will receive shares of PVR at the approved share exchange (swap) ratio (the "PVR-INOX Transaction").. While existing screens of PVR and INOX are proposed to continue their present branding (i.e., 'PVR' or ' INOX ', respectively), new ..., Show all updates. Recent updates. Inpixon has withdrawn its Follow-on Equity Offering in the amount of $10 million. Mar 14 ... INPX) in a reverse merger transaction. Jul 26 + 2 more updates. Inpixon announced delayed 10-Q filing May 17. First quarter 2023 earnings released: US$0.98 loss per share (vs US$9.40 loss in 1Q 2022), Inpixion Gives Update on Upcoming Merger with XTI Aircraft Company. Inpixion (NASDAQ:INPX) ATLANTA , GA, US, February 6, 2024 /⁨EINPresswire.com⁩/ -- PALO ALTO, Calif., February 6, 2024-- Inpixon® (Nasdaq: INPX) announced in January that it is working …, PALO ALTO, Calif., Oct. 18, 2022 /PRNewswire/ -- Inpixon® (NASDAQ: INPX ), the Indoor Intelligence® company, today announced that it has entered into a securities purchase agreement with a ..., BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: New Relic, Inc. (NYSE - NEWR), Reata Pharmaceuticals, Inc. (Nasdaq - RETA), Talaris Therapeutics, Inc. (Nasdaq - TALS), Inpixon® (Nasdaq - INPX), Inpixon Provides Update on Pending Strategic Transactions PALO ALTO, Calif., Jan. 12, 2024 /PRNewswire/ -- Inpixon® (Nasdaq: INPX) announced today that it is working with XTI Aircraft Company to expeditiously satisfy applicable closing conditions to the previously announced business combination transaction. The parties intend, Mar 11, 2024 · Inpixon® (Nasdaq: INPX) ("Inpixon" or the "Company") today announced that the Company and XTI Aircraft Company anticipate the closing date of the previously announced merger will be after market ... , In s titu tio n a l E q u itie s Sector Update Film Exhibition Sector Leisure PVR-INOX merger: Synergies, better FCF & stranglehold over real estate The two largest players in the Indian film exhibition industry - PVR and Inox Leisure (INOL) - on 27th March, 2022 approved an all-stock merger. This comes as a major twist in the context of the talks between PVR and Cinepolis India (PVR-Cinepolis ..., PVR and INOX Leisure, the country's largest multiplex chains, have announced a merger to create a network of over 1,500 screens across 109 cities in India. This comes in the wake of rising demand for digital over-the-top (OTT) platforms during the pandemic which has badly impacted the film exhibition sector. OTT platforms such Netflix, Amazon ..., Inpixon announces the merger with XTI Aircraft Company to create XTI Aerospace, focusing on the TriFan 600 aircraft. The new entity will trade on Nasdaq under the ticker symbol 'XTIA'. Nadir Ali, CEO of Inpixon, highlights the potential of the TriFan 600 to revolutionize private air transportation, with over 700 conditional pre-orders indicating a potential revenue of over $7 billion., Should you invest in Inpixon (INPX) before they announce earnings? Should you wait for the results? Is the company a good long-term investment? Today on Grow..., PALO ALTO, Calif., Nov. 6, 2023 /PRNewswire/ -- Inpixon ® (NASDAQ:INPX) today announced that it will host a conference call presentation at 4:30 p.m. Eastern Time on Tuesday, November 14, 2023 to provide a business update as well as a presentation by the management of Damon Motors Inc. ("Damon") following the recently announced planned spin-off of Inpixon's wholly owned subsidiary, Inpixon ..., The two companies had announced in March a merger to create India's largest multiplex chain with a network of more than 1,500 screens. As per the agreement, Inox would merge with PVR in a share swap ratio of 3 shares (of PVR) for every 10 shares of Inox., The CFO and MD of PVR Inox discuss the Q3 performance and plans going ahead. The decline in profitability was due to the impact of the World Cup in October and November. The Rs 35 crore provision write back was related to the closure of properties. The merger-related revenue benefits and cost synergies are already being extracted., PALO ALTO, Calif., Dec. 11, 2023 /PRNewswire/ -- Inpixon® (NASDAQ: INPX) today announced that it has received shareholder approval of the proposals related to the …, INPX Merger Prospectus. 425 Merger Prospectus February 2024 425 Merger Prospectus December 2023 425 Merger Prospectus December 2023 ... Ticker: INPX CIK: 1529113 Form Type: S-1 Registration of Securities Accession Number: 0001213900-23-051425 Submitted to the SEC: Fri Jun 23 2023 5:15:50 PM EST, Analysts expect the merger process to be completed in two-to-three quarters following the SEBI approval. When the merger comes into effect, the board of the combined company will be reconstituted with a total board strength of 10 members. The promoter families of PVR and Inox will have equal representation on the board with two seats each.