Anil Ambani-led Reliance Broadcast Network Ltd (RBNL) today said it had raised Rs 283.25 crore by allotting 33.3 million shares to potential investors and promoters of the company.
The shareholders of the company at its extraordinary general meeting on September 25 had approved the allotment of 12.9 million shares to various investors and 20.3 million shares to promoters, at Rs 85 a share, aggregating Rs 283.25 crore, RBNL said in a filing to the Bombay Stock Exchange (BSE).
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 five crore equity shares of the company at a price of Rs 85 per equity share.
RBNL shares were trading at Rs 100 apiece on BSE, up 1.57 per cent from the previous close.
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