Multiplex operator Inox Leisure has increased its stake in Fame India from 50.21% to 68.35% for Rs 88.93 crore. The company has bought over 2.02 crore shares, accounting for 18.14% for Rs 88.93 crore, in Fame India through a rights issue.
Fame India had issued over 2.02 crore equity shares with a face value of Rs 10 each at a premium of Rs 34 per equity share. The issue opened on February 07, 2012 and closed on February 21, 2012.
INOX Leisure is one of the fastest growing multiplex chains in the country, building and managing multiplex cinemas throughout India.
