Hindi
Inox’s open offer for Fame at Rs 51
MUMBAI: Inox Leisure has made an open offer to buy up to 20 per cent of the shares of Fame India for Rs 51 a share, a day after it made an additional purchase of 7.21 per cent at Rs 50.75 a share.
Earlier, Inox had bought out the entire 43.3 per cent held by the shroff family, the promoting group of Fame, at Rs 44.09 a share, amounting to Rs 664.8 million.
The offer for 8.23 million shares, or 20 per cent, opens 1 April and closes 20 April. Enam Securities is manager to the offer.
Shares of Fame ended Saturday at Rs 53.20, higher than the open offer price, prompting analysts to say that subscription to the open offer would depend on whether the scrip falls by then.
Inox would have to shell out Rs 419.82 million for the 20 per cent open offer subscription. For acquiring 50.48 per cent stake in Fame, which has catapaulted it to the second largest multiplex company, Inox had invested Rs 792.5 million.
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.
