By Padma Iyer [ February 03, 2010 ]
Views: (4)

INOX buys stake in Fame

INOX is one of the prominent multiplex chains in India, owning 30 facilites that total to 109 screens and can seat around 31,000 people. The chain has its presence in 21 cities all over India. It has now become the largest multiplex network in India, thanks to a 43.28% stake that it bought in its rival muliplex chain Fame. Now, INOX owns 204 screens in 55 multiplexes, with a seating capacity of nearly 58,000! The entire deal amounted to a little over Rs. 66 crores.

INOX has been on an acquisition phase. It earlier bought Calcutta Cine Pvt. Ltd. (CCPL) which brought 9 more multiplexes in West Bengal and Assam under the INOX wing.

It looks like expansion and acquisition is the order of the day. Satyam Cineplexes, the Delhi-based chain, recently announced expasion plans in many more cities in India.

Click here to read the Satyam Cineplex news.