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Big FM to list under new demerged company
 

Indiantelevision.com Team

(4 June 2009 5:40 pm)

 

MUMBAI: After getting the government nod for a demerger from Adlabs Films, Big FM will be listed soon under the new holding company Reliance Unicom.

The plan is to list on the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE), within two months time.

Earlier this week, the Information and Broadcasting ministry had cleared Adlabs Films' proposal to transfer its radio business to Reliance Unicom Ltd.

Under the scheme of demerger, shareholders of Reliance Unicom would be issued one share for each share held in Adlabs Films.

Also Read :

Govt approves demerger of Adlabs’ radio biz

 
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