Home Retail INOX Leisure hikes stake in Fame India

    INOX Leisure hikes stake in Fame India


    INOX Leisure Ltd has informed Bombay Stock Exchange that the company has further purchased 25,07,537 equity shares of Rs.10 each of Fame India Ltd. representing 7.21 per cent of the total paid-up capital of Fame India Ltd. at a consideration of Rs.50.75 per share, by way of a block deal.

    The open offer to the shareholders of Fame India Ltd. in accordance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 shall be made considering the aforesaid purchase.

    On February 3, INOX bought 43.28 per cent stake owned by the promoter family of Fame, for an all-cash consideration of Rs.66.48 crores.

    — IndiaRetailing Bureau