PVR, INOX and a CCI study + Battleground Odisha for steelmakers

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Editor's note: Harveen here. The coming together of PVR and INOX Leisure to create the largest multiplex chain in India could be a win-win for both companies, given the battering they received over the last two years. But if they hoped to escape the scrutiny of the competition regulator, they have another think coming. On the subject of competition, things are surely heating up in Odisha, which is where India’s top steelmakers are facing off. Read on. PVR, INOX and the prospect of CCI scrutiny In the business of Indian media, it is only once in a while that something becomes the subject of every conversation. In recent days, it’s been the proposed merger between PVR and INOX Leisure. Wracked by the pandemic, both PVR and INOX, India’s top two multiplex chains, saw the two worst years of their lives, and this merger is supposed to restart their growth story. Plus, with these two entities combined, the competition—Carnival Cinemas and Cinepolis—is expected to eventually wither away.  No matter which way you look at it, this is a mega-merger. But the part that …