Mumbai: Inox Leisure Ltd has assumed management control of multiplex operator, Fame India Ltd, following a re-constitution of Fame’s board of directors, the company said in a statement issued on Saturday. Inox had completed Fame’s acquisition on 7 January.
Pavan Jain, chairman of the Inox Group has become Fame’s new chairman where as its erstwhile promoters, Shravan Shorff and Shyam Shroff have resigned from the board along with two independent directors, Salim Govani and Susan Thomas.
Deepak Asher, a director on the Inox board would continue as an Inox-nominated director on Fame’s board, the statement said. Amit Jatia, vice-chairman of McDonald’s India and Kishore Biyani, managing director of Pantaloons Retail (India) Ltd would continue as independent directors.