INOX Leisure trades jubilantly on plan to merge Fame India with itself

08 Jun 2012 Evaluate

INOX Leisure is currently trading at Rs. 52.90, up by 3.60 points or 7.30% from its previous closing of Rs. 49.30 on the BSE.

The scrip opened at Rs. 52.20 and has touched a high and low of Rs. 54.40 and Rs. 51.05 respectively. So far 60030 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.60 on 22-Sep-2011 and a 52 week low of Rs. 33.50 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs. 54.40 and Rs. 47.30 respectively. The current market cap of the company is Rs. 328.05 crore.

The promoters holding in the company stood at 66.57% while Institutions and Non-Institutions held 0.05% and 33.39% respectively.

INOX Leisure is planning to merge Multiplex chain Fame India and three of its subsidiaries with itself. In this regard, the company’s board will meet on June 15 and expected to clear the deal. Post merger, Fame will likely to be rebranded as INOX and the merger will create the country’s largest multiplex chain with 257 screens.

At present, the Anil Ambani-led Reliance Group’s BIG Cinemas leads the pack in the country with 252 screens followed by PVR and Cinemax having 162 screens and 141 screens respectively.

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

Inox Leisure Share Price

507.90 0.00 (0.00%)
16-Feb-2023 18:03 View Price Chart
Peers
Company Name CMP
PVR 1409.25
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