Reliance MediaWorks board approves delisting proposal
Source: IRIS | 20 Jan, 2014, 02.09PM
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 Reliance MediaWorks said that its board of directors considered the proposal made by Reliance Land and Reliance Capital, promoter group entities, to make a voluntary delisting to all the public shareholders.
 The board has granted its approval to the proposed delisting offer and intends to seek the approval of shareholders through postal ballot.
Shares of Reliance MediaWorks are trading at Rs 55.25, up Rs 8.85, or 19.07% at the Bombay Stock Exchange (BSE) on Monday.
The scrip has touched an intra-day high of Rs 55.65 and low of Rs 52.00. The total volume of shares traded at the BSE is 1,428,139.
In the earlier session, the shares lost 0%, or Rs 0, at Rs 46.40.
Currently, the stock is trading down 23.93% from its 52-week high of Rs 72.63 and above 49.73% over the 52-week low of Rs 36.90.
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