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Reliance MediaWorks surges on delisting plan

The board is scheduled to meet today to consider delisting of equity shares of the company from the stock exchanges.

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SI Reporter Mumbai
Reliance MediaWorks has surged 16% to Rs 53.90 after the company said it is planning to delist its shares from the bourses.

The board of directors of the Anil Dhirubhai Ambani Group Company is scheduled to meet today to consider delisting of equity shares of the company from the stock exchanges.

Bodies corporate are the major non-promoter shareholders held 13.22% stake in a film and entertainment services company. Individual shareholders held 12.43%, while 1.05% stakes are with the foreign investors and domestic institutional investors.

The promoters held 73.30% stake as on September 30 2013, the shareholding pattern data shows.

The stock opened at Rs 55.30 and touched a high of Rs 55.65 on the BSE. A combined 1.47 million shares have already changed hands on the counter till 0925 hours, against an average sub one million shares that were traded daily in past two weeks on the BSE and NSE.
 
 

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First Published: Jan 20 2014 | 9:30 AM IST

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