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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters Stock Report
Provider: Thomson Reuters Stock Report

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CCI Approves Merger Of Fame India Ltd With INOX Leisure Limited-Business Standard

Friday, 26 Oct 2012 10:20am EDT 

Business Standard reported that Fair trade regulator Competition Commission of India (CCI) has approved the merger of Fame India Ltd and its three subsidiaries with multiplex operator Inox Leisure Ltd. CCI said that the proposed amalgamation, which involves merger of Fame India Ltd (FIL) and its three subsidiaries-- Fame Motion Pictures Ltd, Big Pictures Hospitality Services Pvt Ltd and Headstrong Films Pvt Ltd-- with Inox Leisure is not likely to have an appreciable adverse effect on competition in India. Inox already holds 70.69% stake in Fame India. Besides, Inox' holding company Gujarat Flurochemicals Ltd also holds 3.68% share in FIL. 

Company Quote

-2.45 -6.44%
26 Jun 2013