Fame India has received its board’s in-principle approval for the proposed merger of the company and its existing subsidiaries namely, Fame Motion, Big Pictures Hospitality Services and Headstrong Films with its holding company, Inox Leisure.
Further, the company’s board has also authorized Pavan Kumar Jain and Deepak Asher, directors of the company to appoint relevant experts / consultants / merchant bankers for conducting the necessary valuation of shares to determine the share exchange ratio, providing a fairness opinion in respect of the proposed merger, draft the scheme of merge; and to take all other necessary steps for preparing and finalizing the proposed scheme of merger, to be presented before the board for its consideration and final approval.
Fame India was formed with the core objective of providing cinema goers a unique movie viewing experience. Currently, the company operates 102 screens and 28,360 seats across 12 cities in India with presence in states of Maharashtra, Gujarat, Haryana, West Bengal, Jharkhand and Karnataka.
Company Name | CMP |
---|---|
PVR | 1341.35 |
Saregama India | 425.65 |
Eros Internatl.Media | 21.76 |
Shemaroo Entertain. | 167.55 |
Balaji Telefilms | 80.20 |
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