Inox to acquire Satyam Cineplexes in Rs 182-crore deal

NEW DELHI: Inox Leisure on Wednesday said it will acquire Gurgaon-based Satyam Cineplexes in a Rs 182-crore deal, which would strengthen its presence in North India.

The Mumbai-based exhibitor will acquire 100% equity share capital of Satyam from its promoters, Inox said in a statement. The company’s board at its meeting held on Wednesday "approved the acquisition of 100% equity shares of Satyam Cineplexes for a total consideration of Rs 182 crore", Inox said in a filing to the BSE.

Post acquisition, Inox would be present in 50 cities with 91 multiplexes and 358 screens.