Reliance Anil Dhirubhai Ambani Group (ADAG) company Reliance MediaWorks has acquired additional 1.89 lakh shares, or 0.54 per cent stake, of multiplex chain Fame India. The group’s total stake in Fame India now stands at 14.34 per cent.
Inox Leisure and Reliance were in the fray to acquire a stake in Fame India. ADAG’s multiplex chain — BIG Cinemas — operates 253 screens across India, while Inox Leisure has 33 multiplexes and 123 screens in 23 cities across the country.
— IndiaRetailing Bureau