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.

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