Reliance Media World Ltd (RMWL) BSE listing

Reliance Media World Ltd. is the radio business of Anil Dhirubhai Ambani. And it's promoted Adlabs Films Ltd, and RMWL list it on stock exchange. It's well known radio station BIG 92.7 FM and also outdoor advertising. And company was de-merged from Reliance MediaWorks (Adlabs Films Ltd) in August this 2009, at time it was allotted 46 million shares in the ratio of 1:1 at a face value of Rs 5. The radio network is spread across 45 cities of India.

And today 4th December 2009 Reliance Media World of Anil Ambani was listed on Bombay Stock exchange (BSE) at Rs. 89.75.Company informed "The equity shares of Reliance Media World Ltd (Scrip Code: 533143) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities,” in the filing at the BSE.

This company share start with Rs. 89.75 an in small time touch high. The scrip of the company read 145 high and 59 low at BSE at the time of filing this story.

After all listing RMWL becomes third radio company of the country to be listed on the exchanges. From that first one is Entertainment Network (India) Ltd, that operates Radio Mirchi 98.3 FM and other is Mid-Day Multimedia Ltd’s 94.3 FM are already which listed on the BSE.