INOX Leisure Ltd. (INOX), promoted by Gujarat Fluorochemicals Ltd. (GFL), today announced that it has acquired 43.28% stake in the Shroff family promoted Fame India Ltd. (Fame), which owns the chain of Fame Multiplexes. The acquisition creates one of India’s largest multiplex networks with a combined strength of 55 multiplexes, 204 screens, and a total seating capacity of 57,891 seats. Fame also has subsidiaries such as Big Picture Hospitality Services - its food business JV, Headstrong Films - its film production JV and Shringar Films, its film distribution business.

INOX had previously acquired Calcutta Cine Pvt. Ltd. (CCPL) a Bengal Ambuja company. The acquisition, which kick started the consolidation phase in the multiplex industry gave INOX access to an additional 9 multiplexes in West Bengal and Assam.

INOX currently has 30 operational properties, with 109 screens and a seating capacity of 31401 in 21 cities across India. Fame has 25 operational multiplexes with 95 screens and a seating capacity of 26487 in 12 cities.