Inox raises stake in Fame India to 68.35% for Rs 89 crore
New Delhi: Multiplex operator Inox Leisure Ltd on Friday said it has increased its stake in Fame India from 50.21 percent to 68.35 percent for Rs 88.93 crore.
Inox Leisure has bought over 2.02 crore shares, accounting for 18.14 percent for Rs 88.93 crore, in Fame India through a rights issue. Inox said in a disclosure to BSE.
Fame India had issued over 2.02 crore equity shares with a face value of Rs 10 each at a premium of Rs 34 per equity share.
The issue opened on February 07, 2012 and closed on February 21, 2012.
Inox's shares closed at Rs 55.15 apiece, up 9.64 percent from the previous close on the BSE.
Fame India's shares closed at Rs 70.45, up 1.59 percent from the previous close on the BSE.