Hindi
Inox ups stake in Fame to 50.5%
MUMBAI: Inox Leisure has acquired an additional 7.21 per cent stake in Fame India through a block deal, executed at BSE today.
The deal, following the 43.3 per cent stake acquisition from the Shroff family promoting group, makes Inox a majority holder of Fame India with 50.48 per cent stake.
Inox acquired 2.50 million equity shares for a consideration of Rs 50.75 per share, totaling to Rs 127.7 million.
Inox had bought out the promoters’ stake for Rs 664.8 million or Rs 44.09 per share, through a block deal on 3 February.
Inox has made a total investment of Rs 792.5 million to acquire 50.48 per cent stake in Fame. The additional stake has also been funded to Inox by its parent company Gujarat Fluorochemicals Ltd (GFL).
So, will Inox delist Fame? “We have not decided anything at this stage. We will take a final call at the appropriate time. Today’s additional acquisition has been in pursuance of our objective to consolidate our stake in Fame,” Inox Leisure director Deepak Asher tells indiantelevison.com
Inox will make an open offer for an additional 20 per cent stake in Fame to the shareholders as per the Sebi (Securities and Exchange board of India) regulations.
“We will be announcing the open offer pricing soon,” Asher adds.
Inox shares ended Friday at Rs 66.90 on the BSE, down 10.56 per cent from the previous close. Fame shares touched the upper circuit and closed at Rs 50.80, up by 4.96 per cent.
Hindi
Jio Studios, Sanjay Dutt team up to revive Khal Nayak
Rights acquired for new version, format under wraps as remake plans take shape.
MUMBAI: The villain is back and this time, he’s rewriting his own script. Jio Studios has partnered with Three Dimension Motion Pictures and Aspect Entertainment to revive the 1993 cult classic Khal Nayak, marking a fresh chapter for one of Bollywood’s most iconic anti-hero stories. The original film, directed by Subhash Ghai under Mukta Arts, was a commercial and cultural milestone, with Sanjay Dutt’s portrayal of Ballu becoming one of Hindi cinema’s most memorable performances.
Dutt, along with Aksha Kamboj, has now acquired the rights from the original creators, bringing on board Jio Studios and its President Jyoti Deshpande to steer the project creatively.
While the exact format whether remake, sequel, prequel, or a completely new narrative remains undisclosed, the collaboration aims to reinterpret the story for contemporary audiences while retaining the essence that made the original a defining film of the 1990s.
The move taps into a broader industry trend of reviving legacy intellectual property, particularly characters with strong recall value. “Khal Nayak” was notable for pushing mainstream Hindi cinema into morally grey territory at a time when heroes were largely one-dimensional, making Ballu’s character a standout.
The project also marks the film production debut of Aspect Entertainment, signalling a push towards more technology-led storytelling frameworks. Meanwhile, Jio Studios continues to expand its slate, having built a library of over 200 films and series, with more than 60 titles collectively winning 500-plus awards.
For Dutt, the revival is as much personal as it is strategic, a return to a role that reshaped his career. For the industry, it is another sign that nostalgia, when paired with scale, remains a powerful box-office proposition.
Because in Bollywood, some villains never fade, they just wait for the perfect comeback.
