[ad_1] New Delhi: PVR and has received approval from SEBI and stock exchanges in relation to the proposed merger, three months after the merger was announced. Next step for two multiplex owners is to get company approval National Company Law Tribunal (NCLT), according to Nirmal Bang Institutional equities may take another six months. The Competition Commission of India (CCI) has not raised any objection to the merger in the last three months, which Street feared. As time passes, the chances of CCI raising an issue become less. However, given its…