Reserve Bank of India (RBI) has notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in Inox Leisure has reached the trigger limit. Therefore, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI.
INOX Leisure is one of the fastest growing multiplex chains in the country, building and managing multiplex cinemas throughout India.