₹24.6 0.6 2.5%
Last Trade - 09/04/21
Market Cap | £83.0m |
Enterprise Value | £65.2m |
Revenue | £12.8m |
Position in Universe | 885th / 3106 |
** Indian radio station operator Music Broadcast Ltd's MUSI.NS shares rise as much as 6.4% to 61.6 rupees, touching nearly 8-week high ** Co, owned by newspaper publisher Jagran Prakashan Ltd JAGP.NS , is set to buy Anil Ambani-owned Reliance Broadcast Network for 12 bln rupees ($172.78 million), The Economic Times (ET) reports urn:newsml:reuters.com:*:nL4N2330Q5 ** Jagran Prakashan, which publishes Hindi daily Dainik Jagran, one of India's most widely circulated newspapers, will buy Reliance Broadcast Network via Music Broadcast, ET reports ** Jagran Prakshan's shares are up 2.6% ** Reliance Broadcast Network owns the radio station Big FM, while Jagran Prakashan runs Radio City network ** Co on Friday terminated https://www.bseindia.com/xml-data/corpfiling/AttachHis/1d5d8924-612a-4339-a5f2-84a4a0cef626.pdf acquisition of radio business of smaller rival Ananda Offset Private Limited ** Uncertainty of regulatory approval for deal led to termination, co said ** Shares are down 7.8% this year, as of last close ($1 = 69.4525 Indian rupees) (Reporting by Derek Francis in Bengaluru) ((derek.francis@thomsonreuters.com; +91-9986311363; Tweet to @derekfrancis089 LinkedIn: https://www.linkedin.com/in/derek-francis/;))