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Inox buys further 7.2% stake in Fame India

Inox buys further 7.2% stake in Fame India
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First Published: Fri, Feb 05 2010. 10 42 AM IST
Updated: Fri, Feb 05 2010. 10 42 AM IST
Mumbai: Multiplex operator Inox Leisure Ltd said on Friday it bought 7.2% stake in rival Fame India Ltd through a block deal, two days after acquiring 43.3% in a similar way.
Inox will now make an open offer for an additional 20% stake considering the latest deal, it said in a statment to the stock exchange. In early trade on the BSE, Inox bought 2.5 million shares in a block deal at a price of Rs50.75, it added.
On Wednesday, Inox said it paid Rs664.8 million for the 43.3% stake in Fame.
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First Published: Fri, Feb 05 2010. 10 42 AM IST
More Topics: Inox Leisure | Fame India | Multiplex | BSE | Shares |