Multiplex chain Inox Leisure Ltd has made an open offer to acquire 8.23 million shares, or 20 percent of equity capital, in cinema chain Fame India Ltd at a price of 51 rupees per share.
The open offer will begin on April 1 and close on April 20, Enam Securities, the offer manager, said in a filing to the stock exchange on Saturday.
Inox has already bought 50.48 percent stake in the Fame India at a cost of 792.5 million rupees.
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