Reliance Media World to be listed on BSE, NSE | business | Hindustan Times
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Reliance Media World to be listed on BSE, NSE

business Updated: Aug 03, 2009 19:58 IST

PTI
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Reliance Media World, which holds Anil Ambani group's radio business Big 92.7 FM, will be listed on the Bombay and National Stock Exchange.

Earlier, the ADA group's radio business was demerged from Adlabs Films and transferred to Reliance Unicom, which was later renamed as Reliance Media World Ltd with effect from July 22, 2009.

"Reliance Media World Ltd will thereafter be listed on the Bombay and National Stock Exchange," the company said in a statement.

Under the demerger scheme the shareholders of Reliance Unicom will be issued one share for each share held in Adlabs Films. Pursuant to the receipt of regulatory approval, the demerger was effective from April 1, 2008.