INOX gains on executing transaction documents to acquire Satyam Cineplexes

31 Jul 2014 Evaluate

INOX Leisure is currently trading at Rs. 159.00, up by 6.75 points or 4.43% from its previous closing of Rs. 152.25 on the BSE.

The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 163.80 and Rs. 158.40 respectively. So far 36,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.45 on 03-Jul-2014 and a 52 week low of Rs. 50.60 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 163.80 and Rs. 148.25 respectively. The current market cap of the company is Rs. 1,531.00 crore.

The promoters holding in the company stood at 48.70% while Institutions and Non-Institutions held 4.73% and 46.57% respectively.

INOX Leisure, India’s premium multiplex brand, has executed transaction documents to acquire New Delhi headquartered Satyam Cineplexes (Satyam) by way of acquisition of 100% of the equity share capital of Satyam from its existing shareholders for a consideration of Rs 182 crore, subject to closing.

Post the proposed acquisition, INOX shall be present in 50 cities with 91 multiplexes and 358 screens. The proposed acquisition of one of the industry’s prime assets is a part of INOX’s strategy to expand its footprint across the country and gives INOX a significant foothold in the North Indian region.

The acquisition of Satyam shall be the third by INOX in less than a decade. INOX has earlier acquired Calcutta Cine in 2007, which triggered the consolidation phase in the multiplex industry, followed by Fame India in 2010.

INOX Leisure is one of the fastest growing multiplex chains in the country, building and managing multiplex cinemas throughout India.

Inox Leisure Share Price

507.90 0.00 (0.00%)
16-Feb-2023 18:03 View Price Chart
Peers
Company Name CMP
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