INOX Leisure
INOX Leisure or INOX Movies is an Indian movie theater chain in India with its headquarter located in Mumbai, India. As of March 2022, it has 161 multiplexes and 681 screens in 72 cities of the country. INOX Leisure Limited is the diversification venture of the INOX Group into entertainment. History. The company was incorporated as a public limited company in November 1999. It is a subsidiary of Gujarat Fluorochemicals Ltd. In 2002, the company commenced its operation by opening its first four-screen multiplex at Pune and another four-screen multiplex at Vadodara. In 2004, multiplexes were  added in Kolkata, Goa, and Mumbai. In 2006, the company went public by issuing 1,65,00,000 equity shares of ₹10 each with pricing of ₹120 per share consisting of a fresh issue of 1,20,00,000 equity shares of ₹10 each and an offer for sale of 45,00,000 equity shares of ₹10 each by Gujarat Fluorochemicals. Gradually, over the period of years, more screens were added to Bangalore, Jaipur, Indore, Darjeeling, Kota, Rajasthan, Lucknow, etc. Mergers & acquisitions. In 2006, INOX acquired 89 Cinemas, owned by Calcutta Cinema Private Ltd (CCPL), in a share swap deal, giving INOX ownership of  nine multiplexes in West Bengal and Assam. INOX acquired Satyam Cineplexes Limited by way of acquisition of 100% of the equity share capital from its existing shareholders which is valued at ₹182 crores. On 27 March 2022, INOX announced it would be merging with PVR Cinemas, the largest cinema chain in India. Sustainability. According to INOX’s Director Siddharth Jain, in 2018, the Metro INOX multiplex at Mumbai became India's first cinema to be powered by solar power. And in 2021, the company installed electric vehicle charging station at its multiplex in Pune.