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Reliance MediaWorks Offers to Buy Inox Leisure, Times Reports

July 30 (Bloomberg) -- 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.

Link to Company News:{INOL IN <Equity> CN <GO>} Link to Company News:{RMW IN <Equity> CN <GO>} Link to Company News:{FAME IN <Equity> CN <GO>}

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

To contact the editor responsible for this story: Sean Collins at scollins14@bloomberg.net

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