The multiplex chain INOX Leisure has acquired New Delhi-based Satyam Cineplexes for Rs. 182 crore ($30 million)..Khaitan & Co acted for INOX with a team led by Delhi Corporate Partner Bharat Anand along with Associate Partner Joyjyoti Misra assisted by Executive Director, Daksha Baxi on the Direct Tax aspects and Executive Director, Arvind Baheti and Associate Partner, Kabir Bogra on the Indirect Tax aspects of the transaction..Luthra & Luthra acted for Satyam Cineplexes with a team led by Partner Bobby Chandhoke along with Managing Associate Geetika Panwar and Associate Charu Rawat..“This is a big entry for Satyam into the NCR region. All Satyam sites are marquee sites”, commented Luthra Partner Chandhoke..With this acquisition, Inox’s screen count in India has risen to 358, across 91 multiplexes and 50 cities.
The multiplex chain INOX Leisure has acquired New Delhi-based Satyam Cineplexes for Rs. 182 crore ($30 million)..Khaitan & Co acted for INOX with a team led by Delhi Corporate Partner Bharat Anand along with Associate Partner Joyjyoti Misra assisted by Executive Director, Daksha Baxi on the Direct Tax aspects and Executive Director, Arvind Baheti and Associate Partner, Kabir Bogra on the Indirect Tax aspects of the transaction..Luthra & Luthra acted for Satyam Cineplexes with a team led by Partner Bobby Chandhoke along with Managing Associate Geetika Panwar and Associate Charu Rawat..“This is a big entry for Satyam into the NCR region. All Satyam sites are marquee sites”, commented Luthra Partner Chandhoke..With this acquisition, Inox’s screen count in India has risen to 358, across 91 multiplexes and 50 cities.
