ENIL, Rel Broadcast surge on FM radio expansion approval
Shares of Reliance Broadcast Network and ENIL surged higher as the government approved third phase of FM radio expansion.
By ET Bureau | Updated:
MUMBAI – Shares of Reliance Broadcast Network and Entertainment Network (India) surged higher as the government approved third phase of FM radio expansion.
The Information and Broadcasting ministry announced that e-auctions of radio channels will be conducted in batches. An independent agency will be appointed for radio channel e-auction.
Shares of ENIL were at Rs 279, up 5.68 per cent on the NSE. It touched a high of Rs 284 and low of Rs 265.30 in trade so far.
Reliance Broadcast Network was at Rs 90.40, up 12.51 per cent on the NSE. It moved between a high of Rs 91.35 and low of Rs 81 intraday.
The Information and Broadcasting ministry announced that e-auctions of radio channels will be conducted in batches. An independent agency will be appointed for radio channel e-auction.
Shares of ENIL were at Rs 279, up 5.68 per cent on the NSE. It touched a high of Rs 284 and low of Rs 265.30 in trade so far.
Reliance Broadcast Network was at Rs 90.40, up 12.51 per cent on the NSE. It moved between a high of Rs 91.35 and low of Rs 81 intraday.
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