<p>Three entities of the Anil Dhirubhai Ambani Group (ADAG) -- Reliance MediaWorks, Reliance Capital and Reliance Capital Partners -- have acquired 8.24 lakh equity shares, or 2.37 per cent stake, of Fame through open market transactions.<br /><br />The acquisition of shares were made between February 22 and May 20, Fame India said in a filing to the Bombay Stock Exchange (BSE) on Friday.<br /><br />Post purchase, the combined holding of the ADAG companies in Fame now stands at 14.51 per cent.<br /><br />Reliance MediaWorks, which is in competition with Inox for acquiring stake in Fame, has already made a Rs 180 crore open offer to buy 52.72 per cent stake in Fame at Rs 83.40 a share.<br /><br />Inox holds 51 per cent stake in Fame and has made an open offer for an additional 20 per cent at Rs 51 per share.<br /><br />Reliance MediaWorks operates BIG Cinemas, which is India's largest cinema chain.<br />Shares of Reliance MediaWorks were quoting at Rs 166.30, down 2.72 per cent, while Fame India was trading at Rs 82.25, up 0.37 per cent on the BSE. <br /></p>
<p>Three entities of the Anil Dhirubhai Ambani Group (ADAG) -- Reliance MediaWorks, Reliance Capital and Reliance Capital Partners -- have acquired 8.24 lakh equity shares, or 2.37 per cent stake, of Fame through open market transactions.<br /><br />The acquisition of shares were made between February 22 and May 20, Fame India said in a filing to the Bombay Stock Exchange (BSE) on Friday.<br /><br />Post purchase, the combined holding of the ADAG companies in Fame now stands at 14.51 per cent.<br /><br />Reliance MediaWorks, which is in competition with Inox for acquiring stake in Fame, has already made a Rs 180 crore open offer to buy 52.72 per cent stake in Fame at Rs 83.40 a share.<br /><br />Inox holds 51 per cent stake in Fame and has made an open offer for an additional 20 per cent at Rs 51 per share.<br /><br />Reliance MediaWorks operates BIG Cinemas, which is India's largest cinema chain.<br />Shares of Reliance MediaWorks were quoting at Rs 166.30, down 2.72 per cent, while Fame India was trading at Rs 82.25, up 0.37 per cent on the BSE. <br /></p>