MUMBAI: Reliance Capital has increased its stake in the groups
entertainment arm Reliance Broadcast Network Ltd. (RBNL) by
2.03 per cent over the last three months.
investment arm of Reliance ADAG has in tranches picked up
the additional equity through market purchase to now hold
9.91 per cent in RBNL, the company that owns and operates
a clutch of TV channels and FM radio brand Big FM.
Capital's most recent purchases were on 5 and 6 July, buying
a total of 506,161 shares of RBNL, amounting to 0.64 per cent
stake in the company, for Rs 25.81 million.
Capital now owns a total of 7.87 million shares in RBNL. The
company held 6.26 million shares earlier, according to data
provided on the BSE.
Group held 7.88 per cent stake in RBNL till 31 March 2012.
While Reliance Land owned 44.57 per cent, AAA Entertainment
held 10.38 per cent and Reliance ADA Group Trustee had 2.54
per cent stake in the company.
scrip ended Friday at Rs 51 per share, up 0.20 per cent from
its previous close.