On 21 February, the Anil Ambani-led Reliance MediaWorks made a public offer to buy an additional 52.48-percent stake in the multiplex chain operator Fame India for around INR180.14 crore (INR1.8 billion), countering an existing takeover bid by rival Inox Leisure. Once the open offer is completed, Reliance Group would have a total stake of 62.74 percent in Fame India.
(Source: The Financial Express)