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INOX Leisure to invest Rs 50 lakh in equity shares of SPPL

25 Sep 2014 Evaluate

INOX Leisure, India’s premium multiplex brand, has received an approval for investment up to Rs 50 lakh in equity shares of Shouri Properties (SPPL). On allotment of shares by SPPL to the company, SPPL will become subsidiary of the company. The board of directors at their meeting held on September 25, 2014, has approved for the same.

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

Peers
Company Name CMP
PVR Inox 1315.80
Saregama India 506.85
Shemaroo Entertain. 124.50
UFO Moviez India 60.69
Balaji Telefilms 94.14
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