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.

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