Movies

Reliance ADAG ups stake in Fame to 15.5 per cent

MUMBAI: The Securities and Exchange Board of India (Sebi) has stalled the open offers from both Inox Leisure and Reliance ADAG companies for the acquisition of shares in Fame India. This has, however, not stopped Reliance from purchasing shares from the open market.


In its latest disclosure, Reliance MediaWorks said that along with two other group firms, Reliance Capital and Reliance Capital Partners, it has purchased another 0.21 per cent stake in Fame India, hiking the combined stake in the multiplex chain to 15.55 per cent.


The three ADAG companies acquired 72,627 shares. The acquisition of shares was made on 17 June.



The ADAG companies made the purchase at an average price of Rs 83.29 per share. The highest price paid was Rs 83.40, according to market information.
 

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