Reliance MediaWorks has offered to buy a majority stake in multiplex operator Inox Leisure in an attempt to end a prolonged tussle between the two companies over a smaller cinema chain. According to sources, ADAG has offered Rs 120 for every share to the owners of Inox, valuing the company at a little over Rs 740 crore. But the two sides were still talking about valuation and a final agreement had not been reached. The owners of Inox are holding out for a higher price, said to be around `140. The Jain family owns just under 67% of Inox.
Reliance MediaWorks and Inox been have been battling each other for months over another multiplex operator, Fame. Both have offered to buy out minority shareholders, though the rival offers are yet to be cleared by the Securities and Exchange Board or Sebi, the regulator of capital market. Inox already owns 51% of Fame but Reliance MediaWorks has bitterly contested that acquisition on the ground that a higher bid from it was wrongly rejected. It has complained to Sebi about a transaction in which the promoters of Fame sold a 43.5% stake to Inox.
Inox is India’s third largest multiplex company with 109 screens, while Fame has 95. Reliance Media Works runs 246 screens, so the owner of Fame would become the unrivalled market leader.
| Company Name | CMP |
|---|---|
| PVR | 958.70 |
| Saregama India | 505.60 |
| Shemaroo Entertain. | 100.72 |
| Balaji Telefilms | 69.13 |
| UFO Moviez | 72.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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