Friday of Reliance Media World to list on stock exchanges. Radio business and activities of The Company that runs a radio business and activities of outdoor advertising were from RAF Reliance Media Works, formerly known as Adlabs and operational theaters. The world media shareholders dependence were issued one share for each unit held in Media Works.
"The main purpose for publication is, of course, to unlock shareholder value," said Tarun Katial, CEO of media dependency. The company expects breakeven level of operations in March 2010 and wants to turn to a surplus a year later.
BSE, NSE list of Reliance Media World Today is Entertainment Network. Which operates Radio Mirchi is the only radio company to be listed. Its capital market is Rs 992.25 million rupees. Price of the shares of the company closed at Rs 204.40, down 1.80 percent late Wednesday trading on BSE. Shares of Red Entertainment had touched a 52-week high of Rs 270.90 on 4 June, while the 52-week low was on March 3 at Rs 103.10.
The world's media unit separated from Reliance MediaWorks (formerly known as Adlabs Films) in August. Shareholders were allocated 46 million shares in the ratio 1:1, with a nominal value of R-5. "Since there is a new issue list, there is no price band can be determined. However, the stock price will be in the range of what Radio Mirchi quality," says a source. Big 92.7 FM With 45 Stations operational.
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