Inox Buys 43.28% Stake In Fame For Rs.664.8M; Consolidation
Posted by Avashya - India Web 2.0 News on Feb 4, 2010 in Digital Media News |
After PVR’s buy out of DLF’s DT Cinemas for Rs. 202 million, another Indian theatre chain INOX Leisure has acquired 43.28 percent stake in Fame Cinemas or Shringar Cinemas Ltd for Rs.664.8 million. Inox had earlier announced its intent to acquire Fame and has now completed the buy using funds from its promoter Gujarat Fluorochemicals [...]