Reliance MediaWorks gains on Rs 600cr rights issue

Anil Dhirubhai Ambani Group company Reliance Mediaworks went up as much as 2.7 percent intraday on Wednesday as the company plans to raise upto Rs 600 crore via rights issue.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Business

Mar 13, 2013, 03.36 PM | Source: Moneycontrol.com

Reliance MediaWorks gains on Rs 600cr rights issue

Anil Dhirubhai Ambani Group company Reliance Mediaworks went up as much as 2.7 percent intraday on Wednesday as the company plans to raise upto Rs 600 crore via rights issue.

Like this story, share it with millions of investors on M3

Reliance MediaWorks gains on Rs 600cr rights issue

Anil Dhirubhai Ambani Group company Reliance Mediaworks went up as much as 2.7 percent intraday on Wednesday as the company plans to raise upto Rs 600 crore via rights issue.

Post Your Comments

Share Cancel

Shares of Anil Dhirubhai Ambani Group company Reliance Mediaworks went up as much as 2.7 percent intraday on Wednesday as the company
plans to raise upto Rs 600 crore via rights issue.

Axis Capital Limited has been appointed as the sole lead manager.

According to the prospectus filed with SEBI, the company proposes to use issue proceeds for repayment of debt. About Rs 380 crore will be used for payment of debts to Reliance Capital and Rs 176 crore to other lenders (mainly banks).

Reliance Capital and Reliance Land hold 18.49 percent and 44.66 percent stake in the company as of December 2012, respectively.

At 12:43 hours IST, shares gained 0.51 percent to Rs 58.70 on Bombay Stock Exchange.

Market capitalisation of the company currently stands at Rs 270.76 crore.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Reliance MediaWorks gains on Rs 600cr rights issue

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login