Reliance MediaWorks Offers to Buy Majority of Inox Leisure, Times Reports

Billionaire Anil Ambani’s Reliance MediaWorks Ltd. has offered to buy a majority stake in Inox Leisure Ltd. an Indian operator of movie theaters, for 120 rupees a share each, the Economic Times reported, citing two people close to the development it didn’t identify. The deal will value Inox at 7.4 billion rupees, it said.

To contact the reporter on this story: Thomas Abraham in Mumbai at tabraham4@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.