Media and Entertainment major Inox Leisure has informed that the company is searching the options to pump Rs 4.5 billion in the coming 2 years with the aim to put up additional 206 screens across India.

Currently, the company manages 94 screens in 27 multiplexes across the country.

The source close to the company revealed that of the proposed 206 screens, around 50 would come up in West Bengal and Assam.

While indicating future roadmap, the board members of the company stated that Inox Leisure will add 300 screens and put up 48 additional multiplexes by fiscal 2010.

According to the sources, around Rs 22.5 million investment is needed for establishing one screen.

The company will fund proposed expansion proposals through internal accruals.

Scrip of Inox Leisure ended the day (Friday, 17 Oct) at Rs 41, down 2.34 percent on National Stock Exchange (NSE). The total volume of shares traded at the NSE was 28,613.