Inox Leisure allots shares worth ₹160 crore to promoter1 min read . Updated: 30 Nov 2018, 03:47 PM IST
Pursuant to this allotment, the percentage shareholding of Gujarat Fluorochemicals in Inox Leisure increased from 48.09% to 51.32%
New Delhi: Multiplex operator Inox Leisure Friday said its board has approved allotment of 64 lakh equity shares worth ₹ 160 crore to its promotor Gujarat Fluorochemicals.
“The board of directors of the company...approved the allotment of 64,00,000 equity shares of face value ₹ 10 each to Gujarat Fluorochemicals Ltd, the holding company, (promoter) at the issue price of ₹ 250 per equity share, including a premium of ₹ 240 per equity share, aggregating to ₹ 1,60 crore," Inox Leisure said in a BSE filing.
Pursuant to this allotment, the percentage shareholding of Gujarat Fluorochemicals in Inox Leisure increased from 48.09% to 51.32%, the company added.
Inox Leisure operates over 130 multiplexes and more than 540 screens in 67 cities.
Shares of Inox Leisure were trading 2.71% higher at ₹ 218 apiece on the BSE.
This story has been published from a wire agency feed without modifications to the text.