Sunday, 04 December, 2005
Gujarat Fluorochemicals-promoted Inox Leisure Ltd will invest Rs 110 crore in setting up 11 new multiplexes across nine cities by 2006-07.

At present, the Inox chain comprises eight multiplexes with a total of 32 screens that are spread across seven cities. These include Mumbai, Pune, Vadodara, Goa, Jaipur, Bangalore and Kolkata.

According to Manoj Bhatia, Chief Executive Officer, Inox Leisure, the new cities where the company's multiplexes would be operational were Chennai, Hyderabad, Visakhapatnam, Raipur and Darjeeling, among others. The company had recently signed a memorandum of understanding with the Pantaloon Group of companies whereby Inox Leisure, in its capacity as a multiplex operator, would have the first right of refusal to set up operations in any real estate that is developed or managed by the Pantaloon Group.

Source : Sify Finance