RBNL raises Rs 283.25 cr; allots 3.33 cr shares
Reliance Broadcast Network said it has raised Rs 283.25 cr by allotting over 3.33 cr shares to potential investors and promoters of the company.
By PTI |
MUMBAI: Anil Ambani-led Reliance Broadcast Network today said it has raised Rs 283.25 crore by allotting a total of over 3.33 crore shares to potential investors and promoters of the company.
The shareholders of the company at its Extraordinary General Meeting (EGM) held on September 25 had approved the allotment of 1.29 crore shares to various investors and 2.03 crore shares to promoters, at Rs 85 per share, aggregating to the Rs 283.25 crore, Reliance Broadcast Network Ltd (RBNL) said in a filing to the Bombay Stock Exchange.
Further the company has informed that, the aforesaid equity shares shall be subject to lock-in period, the filing added.
The allotment of balance shares as approved by the shareholders will be considered after receipt of relevant approval from Foreign Investment Promotion Board.
The board of the company had last month approved the allotment of up to 5 crore equity shares of the company at a price of Rs 85 per equity share.
Shares of Reliance Broadcast Network Ltd were trading at Rs 100 per piece on the Bombay Stock Exchange, up 1.57 per cent from the previous close.
The shareholders of the company at its Extraordinary General Meeting (EGM) held on September 25 had approved the allotment of 1.29 crore shares to various investors and 2.03 crore shares to promoters, at Rs 85 per share, aggregating to the Rs 283.25 crore, Reliance Broadcast Network Ltd (RBNL) said in a filing to the Bombay Stock Exchange.
Further the company has informed that, the aforesaid equity shares shall be subject to lock-in period, the filing added.
The allotment of balance shares as approved by the shareholders will be considered after receipt of relevant approval from Foreign Investment Promotion Board.
The board of the company had last month approved the allotment of up to 5 crore equity shares of the company at a price of Rs 85 per equity share.
Shares of Reliance Broadcast Network Ltd were trading at Rs 100 per piece on the Bombay Stock Exchange, up 1.57 per cent from the previous close.
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