Monday, April 28, 2008

INOX Leisure

Watch Movie With Luxury


Background:

INOX Leisure Limited is the diversification venture of the INOX group into entertainment and is a subsidiary of Gujarat Flurochemicals Ltd. INOX Leisure’s mission is to be the leader in the cinema exhibition industry, in every aspect right from the quality and choice of cinema to the varied services offered and eventually the highest market share.

Company Insight:

INOX currently operates 22 multiplexes and 76 screens in 17 cities making it the only national multiplex chain.

Its merger with CCPL (89 Cinemas), gives INOX access to an additional 9 multiplexes in West Bengal and Assam.

INOX is also in an alliance with the Pantaloon Group - a partnership that provides INOX preferential access to all real estate developments, which Pantaloon takes up for its retail chain. The properties acquired through this alliance will be in addition to the properties that INOX has locked in on its own, thus exponentially increasing its reach across India.

Shareholding pattern:

Foreign Holdings 7.11
Govt. / Financial Institutions 0.06
Corporate Bodies(not covered above) 11.55
Directors and their Relatives 66
Other including Indian Public 13.3

Current News:

INOX to spend Rs 500 cr to double properties by 2010.

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