Reliance Mutual Fund picked 1.11% stake in INOX Leisure for Rs 181.56 million on Wednesday. The fund house purchased 1.07 million shares in the company under its Long-term Equity Fund at a price of Rs 170 a share.
On Tuesday, the company said it has commenced the commercial operation of new Multiplex Cinemas Theatre situated at G - Wing, Osia Commercial Arcade, SGPDA Market Complex, Margao, Goa - 403 601, having 4 screens and 904 seats from Mar. 31, 2015.
INOX along with Satyam Cineplexes is now present in 52 cities with 96 properties, 372 fscreens and a total seating capacity of 98782 across India. Inox Leisure is engaged in the entertainment business within the cinema exhibition industry.
Shares of the company gained Rs 3.95, or 2.33%, to settle at Rs 173.65. The total volume of shares traded was 524,465 at the BSE (Wednesday).