Inox Leisure Limited (BSE:532706) agreed to acquire remaining 50% stake in Swanston Multiplex Cinemas Private Limited from Reliance MediaWorks Limited for INR 0.3 million on January 29, 2018. The deal value is payable in cash. Pre deal, Inox Leisure Limited held 50% stake and post deal will hold 100% stake in Swanston Multiplex Cinemas Private Limited. Upon completion, Swanston Multiplex Cinemas Private Limited will operate as a wholly owned subsidiary of Inox Leisure Limited. The acquisition is expected to complete in 3 weeks. As of February 21, 2018, the transaction is expected to close upto 4 more weeks.