Fame India

Market Performer rating to Inox leisure

Market Performer rating to Inox leisureInox Leisure has been in the news for the past month or so for its fight to get higher share in Fame India.

ADAG's group company Reliance Media Works trying to acquire the company and then Fame India entering into the picture with another offer. The entertainment branch of ADAG which is popularly known as Reliance Media Works has raised certain questions on the deal.

Fame India shares do well after ADAG’s counteroffer

Fame India shares do well after ADAG’s counterofferFame India is definitely on a high these days. The company has seen a lot of positive changes taking place for it in the past few months.

The takeover battle for Fame India has heated up and the stock price has brightened on the prospects of ADAG' counter bid offer. On the Bombay Stock Exchange, the stock was trading at Rs. 86, up by Rs. 4 or 4.9 percent. The stock rose after the Anil Dhirubhai Ambani Group (ADAG) announced its counter bid offer.

Reliance MediaWorks launches a counter bid to acquire Fame

Reliance MediaWorks launches a counter bid to acquire FameReliance MediaWorks has launched a counter bid to acquire a majority stake in the theater chain Fame India Ltd in an open offer.

The shares of Fame India recorded a rise after the bid with a steep premium was announced on Monday by Reliance Group Company. The move is expected to start a price war in the market.

The counter bid is 63.5 percent higher at 83.40 rupees a share from 51 rupees a share offered by Inox Leisure to acquire 20 percent equity in the company. Reliance intends to acquire 62.08 percent stake in the company.

43% Stake in Fame India to be Acquired by Inox, Shares Surge

43% Stake in Fame India to be Acquired by Inox, Shares SurgeFame India managed to lock itself at the upper circuit limit of 5%, hitting a 52-week high of Rs. 48.40 after Inox Cinemas officially announced that it is all set to take over 43% stake in Fame India, a deal which will cost Inox Rs. 66.5 crore.

The announcement came through during peak trading hours on Wednesday, on 3 February 2010, when the stock had closed at the upper circuit limit of 5%, hitting Rs. 46.10 on the BSE. In four consecutive trading sessions, the stock has managed to climb by 21.15%.

INOX Buys 43.28% Stake In Fame, Shares Surge 10.9%

INOX Buys 43.28% Stake In Fame, Shares Surge 10.9%Multiplex operator INOX Leisure, a wholly division of Gujarat Fluorochemicals, announced that it has bought 43.28% equity stake in Fame India for Rs 66.48 crore.
Inox will purchase around 1,50,57,760 shares of Fame India for Rs 10 each, through a block trade in a single or multiple portions.
This acquirement will be accompanied by an open offer to get hold of another 20% in Fame India by making an open offer to the stock holders
The deal is completely funded by Gujarat Fluorochemicals.




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