Reliance Mediaworks slumps, Digital Domain files for bankruptcy

Shares in Reliance Mediaworks dropped as much as 7.2 percent on Wednesday on worries about its loan exposure after Digital Domain Media Group Inc filed for bankruptcy protection.

Reliance Mediaworks Ltd is listed as one of Digital Domain's largest unsecured creditors. Analysts estimated the company controlled by Indian billionaire Anil Ambani had lent about Rs 1,40 crore  rupees to Digital Domain.

Reliance Mediaworks shares were last down 3.6 percent.