ADAG increases its stake in Fame India to 15.88 pc

Jul 20, 2010 |

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Mumbai, July 20: Anil Ambani group company Reliance MediaWorks today said it along with two other group firms has purchased another 0.11 per cent stake in Fame India, hiking their combined stake in the multiplex chain to 15.88 per cent.

Three Anil Ambani Group (ADAG) companies -- Reliance MediaWorks, Reliance Capital and Reliance Capital Partners -- have acquired 37,359 shares, or 0.11 per cent stake, of Fame India through open market transaction, Reliance MediaWorks said in a filing to the Bombay Stock Exchange (BSE).

The acquisition of shares was made on July 19, multiplex chain Fame India said in a separate filing to BSE.

Post purchase, the combined holding of the ADAG companies in Fame India stands at 15.88 per cent.

ADAG firms, on July 6, had acquired 0.05 per cent stake to increase its holding in Fame India to 15.77 per cent.

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