INOX Leisure Limited (BSE:Â 532706) is the diversification venture of the INOX group into entertainment and is a subsidiary of Gujarat Fluorochemicals Ltd headquartered in Mumbai.
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Chain of theatres
INOX currently operates 120 multiplexes and 481 screens in 58 cities (updated on 30 October 2017) across India. Winner of 'Technology Adopter of the Year' Award by Big Cine Expo 2016, INOX Leisure Ltd.
Mergers
Its merger with Bengal Ambuja promoted Calcutta Cinema Private Ltd (CCPL) (89 Cinemas at Swabhumi), has given INOX access to an additional 9 multiplexes in West Bengal and Assam.
With a view to consolidate its position in the multiplex industry, the company had acquired 17,565,288 equity shares of Fame Cinemas in February 2010. As required under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, the company made an open offer to the shareholders of Fame Cinemas which was open for a period from 16 December 2010 to 4 January 2011. The Company acquired further 1,075 equity shares of Fame Cinemas in the open offer. Subsequent to the completion of the open offer formalities on 6 January 2011, the company holds 17,566,363 equity shares of Fame representing 50.27% of the issued and paid-up capital of Fame Cinemas. Consequently, Fame Cinemas and its subsidiaries viz. Fame Motion Pictures Limited (formerly known as Shringar Films Limited) and Big Pictures Hospitality Services Private Limited have become subsidiaries of the company with effect from 6 January 2011 and in September 2013, Fame Cinemas was re-branded as INOX.
It has acquired Satyam Cineplexes Limited by way of acquisition of 100% of the equity share capital from its existing shareholders which is valued at Rs 182 crores.
References
External links
- Official website
- INOX Leisure Limited on Twitter
- INOX Leisure Limited on Facebook