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This is an archive article published on March 23, 2012

Inox ups stake in Fame India to 68.35%

Inox Leisure said it has increased its stake in Fame India from 50.21 per cent to 68.35 per cent.

Multiplex operator Inox Leisure Ltd today said it has increased its stake in Fame India from 50.21 per cent to 68.35 per cent for Rs 88.93 crore.

Inox Leisure has bought over 2.02 crore shares,accounting for 18.14 per cent for Rs 88.93 crore,in Fame India through a rights issue. Inox said in a disclosure to BSE.

Fame India had issued over 2.02 crore equity shares with a face value of Rs 10 each at a premium of Rs 34 per equity share.

The issue opened on February 07,2012 and closed on February 21,2012.

Inox’s shares closed at Rs 55.15 apiece,up 9.64 per cent from the previous close on the BSE.

Fame India’s shares closed at Rs 70.45,up 1.59 per cent from the previous close on the BSE.

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