Reliance MF picks up 1.1% stake in INOX Leisure

Moneycontrol Bureau

Reliance (Mutual Fund) Long Term Equity Fund has bought 1.1 percent equity stake in INOX Leisure that operates and manages multiplexes and cinema theatres in India.

Reliance MF has bought 4,96,374 equity shares on the Bombay Stock Exchange and 5,71,658 shares on the National Stock Exchange at Rs 170 each through two block deals on Wednesday.

Reliance Capital (Reliance Land Private Limited) has 4.91 percent stake (47,37,000 shares) in Inox, as of December 2014.