Inox Leisure has received an approval for acquisition of 10,15,000 equity shares of Swanston Multiplex Cinemas (SMCPL) representing 50% paid-up capital of SMCPL. On completion of acquisition, SMCPL shall become wholly-owned subsidiary of the company. The board of directors at its meeting held on January 29, 2018 approved the same.
SMCPL is engaged in the business of operating Multiplex Cinema Theatres.
Inox Leisure is one of the fastest growing multiplex chains in the country, building and managing multiplex cinemas throughout India.
