INOX
has acquired 43.28 per cent stake
at the Fame India Ltd., (Fame), a
company that is owned by the Shroff
family. This makes INOX one of the
largest multiplex networks in India.
It now has 55 multiplexes with 204
screens. At present INOX has 30 operational
properties, with 109 screens. It is
important to note that FAME has subsidiaries
such as Big Picture Hospitality Services,
Headstrong Films, and Shringar Films.
Mr. Deepak Asher, Director –
INOX Group of Companies said, “It
has been our stated goal, when we
launched our first multiplex around
8 years back, to be a significant
player in the Indian multiplex space
and redefine the movie going experience
in India. This philosophy, of being
a market leader, runs across all our
businesses. Today, we are pleased
to announce to our stakeholders, that
we have translated this vision into
reality - we have one of India’s
largest network of multiplex screens
and have truly raised the bar in providing
a world class cinema experience to
our patrons.” |
