Leading multiplex chain Inox Leisure, which runs 358 screens, is planning to add another 156 screens over the next 12-24 months. Opening of these screens will take overall screen count of the company to over 500 screens.
Recently, the company 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.
Out of the 156 screens, about 29 screens will come on board through the upcoming properties of Satyam Cineplexes, while the balance would come in from Inox’s own organic growth pipeline.
INOX Leisure is one of the fastest growing multiplex chains in the country, building and managing multiplex cinemas throughout India.
