INOX Leisure Limited (BSE:532706) executed an agreement to acquire Luxe Cinemas from Jazz Cinemas Private Limited on October 13, 2022. The Company will not be acquiring any shareholding or control in Jazz Cinemas nor will the Company be issuing any shares to Jazz Cinemas, pursuant to the Agreement. The Board of Directors of the INOX Leisure Limited and Jazz Cinemas Private Limited have approved the Agreement. The Agreement records the process and manner of the transfer of the Business, including the conditions precedent etc. The completion of transaction is subject to legal, regulatory, contractual and customary approvals and the completion of the agreed conditions set out in the said Agreement. Akshay Malhotra, Gahan Singh, Ishita Gupta, Anamika Mishra, Omvir Singh, Rahul Pai, Satwik Bapat and Srijita Jha of Khaitan & Co. acted as legal advisor to INOX Leisure Limited (NSEI:INOXLEISUR).

INOX Leisure Limited (BSE:532706) Completed the acquisition of Luxe Cinemas from Jazz Cinemas Private Limited on March 5, 2023.