Inox Leisure zooms 15% on Amazon India’s stake buy buzz

Shares of Inox Leisure soared 15 per cent to Rs 347.50 on the BSE in the intra-day trade on Tuesday on reports that Amazon is potentially looking to buy stake in the Indian film and media business. The stock price of Inox Leisure hit its highest level since January 2021.

At 12:56 pm, the stock was trading 6 per cent higher at Rs 320 on the back of an over 10-fold jump in trading volumes. A combined 8.6 million equity shares, representing 7 per cent of total equity of the company, had changed hands on the counter on the NSE and BSE till the time of writing of this report. In comparison, the S&P BSE Sensex was down 0.50 per cent at 52,603 points.