Inox Leisure gains on pact with IMAX Corporation

The company has entered into an agreement with IMAX Corporation to install five IMAC theatre systems

Shares of INOX Leisure were up nearly 2% at Rs 200 on the Bombay Stock Exchange after the company said it has entered into an agreement with IMAX Corporation to install five IMAC theatre systems to enhance cinema viewing experience.

These systems will be installed at existing INOX multiplexes in the cities of Mumbai, Bengaluru, Delhi and Kolkata starting with INOX at R-City, Ghatkopar, Mumbai, the company said in a release.

"We have built our business on our commitment to create a premium customer experience and we view our partnership with IMAX as an extension of this strategy," the release added quoting CEO, Alok Tandon.

The stock opened at Rs 195 and touched a high of Rs 202. At 1:55pm, over 28,400 shares were traded on both the stock exchanges.