The centre has also accepted the long pending demand of the radio industry to remove the 15% national cap on channel holding
Due to the lockdown, artists are turning to online shows but the concept of online concerts are still at a nascent stage making survival difficult for many
At Friday's closing price, Music Broadcast had a market capitalisation of Rs2,129 crore
The stock settled 11% lower against its listing price of Rs 420
The issue saw nearly 850,000 applications and generated demand worth Rs 13,600 cr