INOX Leisure Limited

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INOX Leisure Limited
Public company (BSE532706)
Industry Entertainment (Cinema Chain)
Founded 1999[1]
Headquarters Viraj Towers, Andheri East
Mumbai, India
Number of locations
120
Key people
Mr. Alok Tandon – CEO,[2] Ms. Daizy Lal - COO
Revenue INR 1325.75crores (US$199.5 million)
Website Official Site

INOX Leisure Limited (BSE532706) is the diversification venture of the INOX group into entertainment and is a subsidiary of Gujarat Fluorochemicals Ltd headquartered in Mumbai.[3]

Chain of theatres[edit]

INOX currently operates 120 multiplexes and 481 screens in 58 cities (updated on 30 October 2017) across India.[4][5][6] Winner of 'Technology Adopter of the Year' Award by Big Cine Expo 2016, INOX Leisure Ltd.[citation needed]

An INOX Multiplex Theatre in Goa.

Mergers[edit]

Its merger with Bengal Ambuja promoted Calcutta Cinema Private Ltd (CCPL) (89 Cinemas at Swabhumi),[7] has given INOX access to an additional 9 multiplexes in West Bengal and Assam.

With a view to consolidate its position in the multiplex industry, the company had 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 for a period from 16 December 2010 to 4 January 2011. The Company acquired 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 Cinemas. Consequently, Fame Cinemas and its subsidiaries viz. 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 and in September 2013, Fame Cinemas was re-branded as INOX.

It has 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.[4]

References[edit]

  1. ^ http://www.sebi.gov.in/dp/inoxdraft.pdf
  2. ^ Alok Tandon (2007-06-18). "Businessweek Profile". Investing.businessweek.com. Retrieved 2013-07-15. 
  3. ^ the company derives its name from industrial oxygen one of the products of gujarat flourochemicals [1] Archived 1 February 2010 at the Wayback Machine.
  4. ^ a b "Inox acquires Satyam Cineplex for Rs 182 cr". business-standard.com. BS Reporter. Retrieved 30 July 2014. 
  5. ^ TNN Jan 5, 2013, 10.22AM IST (2013-01-05). "Inox opens with Dabangg-2 - Times Of India". Articles.timesofindia.indiatimes.com. Retrieved 2013-07-15. 
  6. ^ "Multiplex brand INOX debuts in state". Business Standard. 2013-01-05. Retrieved 2013-07-15. 
  7. ^ 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 2010-09-28. 

External links[edit]