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Multiplex chains PVR and Inox Leisure have received approval from exchanges—Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for a merger —on Tuesday late night. PVR and Inox Leisure received an observation letter with ‘no adverse observations’ dated June 20 from the BSE and an observation letter with ‘no objection’ dated June 21, as per their respective exchange filings.

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