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Broker’s call: PVR Inox (Buy)

Target: ₹1,610 CMP: ₹915.70 Karnataka government has proposed an ₹200 price-cap for movie tickets. This is not the first time. Previous attempt (2017) offers two precedents. One, special format screens – where PVR-Inox’s tickets are dearer – were exempt. Two, it could face legal hurdles. Prior court rulings – High Courts as well as Supreme...
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Complete IIHL takeover of RCap by Mar 20, says NCLT

A viable resolution for revival of long-pending stressed Reliance Capital asset is expected by this month-end. The winning bidder IndusInd International Holdings had placed bid worth ₹9,650 crore to acquire Reliance Capital. The National Company Law Tribunal on Wednesday directed CoC, administrator and IndusInd International Holdings to complete the procedure for takeover of Reliance Capital...
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