INOX Leisure has acquired remaining stake in its subsidiary company – Shouri Properties (SPPL) from the shareholders of SPPL, making it a wholly owned subsidiary of the Company.
SPPL is a subsidiary of the Company in which the Company was holding 99.29% stake prior to this acquisition. Subsequent to acquisition of the shares of SPPL by the Company, SPPL will become wholly owned subsidiary of the Company. Remaining stake i.e. 10,000 equity shares of SPPL are acquired at a cost of Rs 1 lakh at face value.
INOX Leisure is amongst India’s largest multiplex chains.
