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MediaWorks hikes stake in Fame

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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.

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 Reliance Capital and Reliance Capital Partners

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

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