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Inox Leisure board approves fund raising

Capital Market 

The board of Inox Leisure has approved to raise funds up to Rs 300 crore through issue of securities either by way of a public issue or by way of rights issue or by way of a private placement.

The announcement was made after market hours yesterday, 6 April 2021. Shares of Inox Leisure rose 2.66% to settle at Rs 275.85 yesterday.

The stock hit a 52-week high of Rs 358.55 on 11 January 2021. The stock hit a 52-week low of Rs 158.20 on 19 May 2020.

INOX Leisure is amongst India's largest multiplex chains with 152 multiplexes and 643 screens in 69 cities.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, April 07 2021. 08:51 IST