Reliance MediaWorks according to reliable sources has raised its stake in the multiplex chain 'Fame India' to 44% through an open offer.
Reliance MediaWorks which had earlier held 12% of emerging equity in Fame India, added another 32% through the open offer taking its total stake to 44%.
Rival multiplex operator Inox Leisure Limited holds 50.2% in Fame India.
RELMEDIA's closing price on NSE was 230.90 on 04-Jan-2011.
INOXLEISUR's closing price on NSE was 63.15 on 04-Jan-2011.
