MediaWorks hikes stake in Fame

    MediaWorks hikes stake in Fame

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    Reliance company 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.

    The shares were acquired at an average price of Rs 78.33 through open market transactions on 19 May. The other two group companies are and Partners

    and Reliance were in the fray to acquire a stake in Fame India. ADAG’s multiplex chain — — operates 253 screens across India, while Inox Leisure has 33 multiplexes and 123 screens in 23 cities across the country.

    — IndiaRetailing Bureau