As per the bulk deal data on the NSE, Marcellus Investment Managers sold 31,29,319 equity shares, or 0.91% equity, at Rs 23.14 per share of Music Broadcast on Friday, 21 May 2021.
Saurabh Mukherjea is the founder and chief investment officer of Marcellus Investment Managers.
On a standalone basis, Music Broadcast reported a net loss of Rs 3.87 crore in Q4 March 2021 lower than net loss of Rs 8.91 crore in Q4 March 2020. Net sales declined 7.4% to Rs 42.48 crore in Q4 FY21 over Q4 FY20.
Music Broadcast (MBL), a subsidiary of Jagran Prakashan, is the first private FM radio broadcaster in India. It operates under the brand name Radio City. The company currently has 39 FM radio stations across 12 states.
Shares of Music Broadcast lost 0.64% to Rs 23.25 on BSE. The scrip hovered in the range of Rs Rs 23.25 to Rs 23.70 so far.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app