The Hindu Business Line : INOX Leisure okays merger

INOX Leisure Ltd has informed the BSE that its board of directors has approved the acquisition and merger of Calcutta Cine Pvt Ltd with itself. "The proposed transaction is subject to due diligence, final approval by shareholders, creditors and the High Court," the company said. The board has also appointed various intermediaries for the transaction such as legal advisors, valuers and merchant bankers, the company said. Shares of INOX moved up 2.16 per cent to Rs 132.30 on the BSE.

More Stories on : Mergers & Acquisitions | Cinema

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Mukesh, Anil groups strike different notes

Sami Labs gets closer to a foreign buy

Aditya Birla Nuvo board meet on July 3

INOX Leisure okays merger

Hind Industries to invest Rs 106 cr in Bengal unit

AVT Natural to invest $3 million in China

Leela Venture to enter Gulf

Ranbaxy gets USFDA nod for cholesterol drug

NMDC disinvestment opposed

Hertz enters leasing biz

MNCs driving into Indian commercial vehicles space

SAIL raw materials unit registers 10 pc growth