INOX Leisure has informed that the Board of Directors of the Company at its meeting held on September 25, 2014, has approved investment up to Rs. 50,00,000 (Rupees Fifty Lacs Only) in the Equity Shares of Shouri Properties Private Limited (SPPL). On allotment of shares by SPPL to the Company, SPPL will become subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE