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MUMBAI: Reliance Capital has increased its stake in the group’s
entertainment arm Reliance Broadcast Network Ltd. (RBNL) by
2.03 per cent over the last three months.
The
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.
Reliance
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.
Reliance
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.
Reliance
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.
RBNL
scrip ended Friday at Rs 51 per share, up 0.20 per cent from
its previous close.
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