INOX Leisure Limited

INOX Leisure Limited
Public company(BSE: 532706)
Industry Entertainment (cinema chain)
Founded 1999[1]
Headquarters Viraj Towers, Andheri East
Mumbai, India
Number of locations
 128 Multiplexes, 520 Screens, 65 Cities
Key people
 Alok Tandon, CEO;</ref>Alok Tandon (2007-06-18). "Businessweek Profile". Investing.businessweek.com. Retrieved 2013-07-15. </ref>
Revenue INR 1325.75 crores (US$199.5 million)
Website Official site

INOX Leisure Limited (INOX) (BSE: 532706) is amongst India’s largest multiplex chains with 128 multiplexes and 520 screens in 65 cities. INOX has redefined movie experiences in India claiming to make it truly 7-star. Each INOX property is unique with its own distinct architecture and aesthetics. INOX boasts of bringing the very latest in projection and audio technology, plush micro adjustable leather recliners with a butler on call facility, gourmet meal choices by celebrity chef,[2] designer staff uniforms and many more. For easy and convenient ticket booking, INOX offers online booking on their website[3] and through its mobile applications on Android[4] and iOS[5] platforms.

Chain of theatres

INOX currently operates 128 multiplexes and 520 screens in 65 cities (as of July 2018) across India.[6][7][8]

INOX Leisure Ltd was given the 'Technology Adopter of the Year' Award by Big Cine Expo 2016.

An INOX multiplex theatre in Goa

Mergers

Its merger with Bengal Ambuja promoted Calcutta Cinema Private Ltd (CCPL) (89 cinemas at Swabhumi),[9] has given INOX access to an additional nine multiplexes in West Bengal and Assam.

With a view to consolidate its position in the multiplex industry, the company acquired 17,565,288 equity shares of Fame Cinemas in February 2010. As required under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, the company made an open offer to the shareholders of Fame Cinemas which was open from 16 December 2010 to 4 January 2011. The company acquired a further 1,075 equity shares of Fame Cinemas in the open offer. Subsequent to the completion of the open offer formalities on 6 January 2011, the company holds 17,566,363 equity shares of Fame, representing 50.27% of the issued and paid-up capital of Fame. Consequently, Fame and its subsidiaries Fame Motion Pictures Limited (formerly known as Shringar Films Limited) and Big Pictures Hospitality Services Private Limited have become subsidiaries of the company with effect from 6 January 2011. In September 2013, Fame Cinemas was re-branded as INOX.

INOX acquired Satyam Cineplexes Limited by way of acquisition of 100% of the equity share capital from its existing shareholders which is valued at Rs 182 crores.[6]

References

  1. ↑ http://www.sebi.gov.in/dp/inoxdraft.pdf
  2. ↑ "Multiplex chains up the luxury quotient with gourmet menu, VIP treatment". Livemint. 3 April 2018.
  3. ↑ the company derives its name from industrial oxygen one of the products of gujarat flourochemicals Archived 1 February 2010 at the Wayback Machine.
  4. ↑ "Google Play Store".
  5. ↑ "iOS App Store".
  6. 1 2 "Inox acquires Satyam Cineplex for Rs 182 cr". business-standard.com. BS Reporter. Retrieved 30 July 2014.
  7. ↑ TNN Jan 5, 2013, 10.22AM IST (2013-01-05). "Inox opens with Dabangg-2 - Times Of India". Articles.timesofindia.indiatimes.com. Retrieved 2013-07-15.
  8. ↑ "Multiplex brand INOX debuts in state". Business Standard. 2013-01-05. Retrieved 2013-07-15.
  9. ↑ Shyam (26 December 2009). "INOX at Hyderabad, INOX Hyderabad Contact Details, INOX Hyderabad Location, INOX Hyderabad website. INOX Hyderabad Phone, INOX Hyderabad Booking". India Summary. Retrieved 2010-09-28.
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