INOX Leisure Limited

INOX Leisure Limited (INOX) (BSE: 532706) is amongst India’s largest multiplex chains with 147 multiplexes and 626 screens in 68 cities (as of March 2020). INOX is known for redefining movie experiences in India, each INOX property is unique with its own distinct architecture and aesthetics.[3][4][5]

INOX
Public company(BSE: 532706)
IndustryEntertainment (cinema chain)
Founded1999[1]
HeadquartersViraj Towers, Andheri East
Mumbai, India
Number of locations
147 Multiplexes, 695 Screens, 78 Cities
Key people
Alok Tandon CEO;[2]
RevenueINR 1707.1 crores (US$199.5 million)
WebsiteOfficial site
An INOX multiplex theatre in Goa

INOX Leisure Ltd was given the 'Technology Adopter of the Year' Award by Big Cine Expo 2016.

Mergers

Its merger with Bengal Ambuja promoted Calcutta Cinema Private Ltd (CCPL) (89 cinemas at Swabhumi),[6] has given INOX access to an additional nine multiplexes in West Bengal and Assam.

With a view to consolidate its position in the multiplex industry, the company acquired 17,565,288 equity shares of Fame Cinemas in February 2010. As required under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, the company made an open offer to the shareholders of Fame Cinemas which was open from 16 December 2010 to 4 January 2011. The company acquired a further 1,075 equity shares of Fame Cinemas in the open offer. Subsequent to the completion of the open offer formalities on 6 January 2011, the company holds 17,566,363 equity shares of Fame, representing 50.27% of the issued and paid-up capital of Fame. Consequently, Fame and its subsidiaries Fame Motion Pictures Limited (formerly known as Shringar Films Limited) and Big Pictures Hospitality Services Private Limited have become subsidiaries of the company with effect from 6 January 2011. In September 2013, Fame Cinemas was re-branded as INOX.

INOX acquired Satyam Cineplexes Limited by way of acquisition of 100% of the equity share capital from its existing shareholders which is valued at Rs 182 crores.[3]

gollark: Ah.
gollark: What are you writing? An assembler?
gollark: Taxation is theft, however, according to GTech™ philosophical computation unit 8171955.
gollark: Actually, worse.
gollark: Indeed.

References
  1. "Archived copy" (PDF). Archived from the original (PDF) on 4 March 2016. Retrieved 29 June 2010.CS1 maint: archived copy as title (link)
  2. Alok Tandon (18 June 2007). "Businessweek Profile". Investing.businessweek.com. Retrieved 15 July 2013.
  3. "Inox acquires Satyam Cineplex for Rs 182 cr". business-standard.com. BS Reporter. Retrieved 30 July 2014.
  4. TNN Jan 5, 2013, 10.22AM IST (5 January 2013). "Inox opens with Dabangg-2 – Times Of India". Articles.timesofindia.indiatimes.com. Retrieved 15 July 2013.CS1 maint: multiple names: authors list (link)
  5. "Multiplex brand INOX debuts in state". Business Standard. 5 January 2013. Retrieved 15 July 2013.
  6. Shyam (26 December 2009). "INOX at Hyderabad, INOX Hyderabad Contact Details, INOX Hyderabad Location, INOX Hyderabad website. INOX Hyderabad Phone, INOX Hyderabad Booking". India Summary. Retrieved 28 September 2010.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.