INOX Leisure to raise funds via issue of 64 lakh equity shares to Gujarat Fluorochemicals

INOX Leisure has received an approval for raising funds through the issuance of maximum of 64,00,000 equity shares of face value Rs 10 each to its promoter, Gujarat Fluorochemicals (Proposed Allottee) on a preferential issue basis at a price not less than the floor price i.e. Rs 241.71 determined in accordance with requirements of Regulation 76 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and Regulation 164 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as applicable.

The Board of Directors of the company at its meeting held on November 01, 2018, approved the same.

INOX Leisure is amongst India’s largest multiplex chains.