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RBNL rises on entering into alliance with Speed Records

Reliance Broadcast Network Ltd. | Film Production, Distribution & Entertainment | Media | BSE: 533143 | NSE: RBN

20 Apr 2012 Evaluate

RBNL is currently trading at Rs. 53.75, up by 0.25 points or 0.47% from its previous closing of Rs. 53.50 on the BSE

The scrip opened at Rs. 53.50 and has touched a high and low of Rs. 53.85 and Rs. 53.25 respectively.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 99.25 on 03-Aug-2011 and a 52 week low of Rs. 40.20 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 55.40 and Rs. 52.25 respectively. The current market cap of the company is Rs. 427 crore.

The promoters holding in the company stood at 65.37% while Institutions and Non-Institutions held 2.72% and 31.92% respectively.

Reliance Broadcast Network (RBNL) has entered into alliance with Punjab markets music leaders Speed Records. The partnership gives RBNL’s business verticals immediate access to the extensive and expansive library of Speed Records, thus further strengthening its offering.

Simultaneously, the alliance gives Speed Records excellent platforms through which they can reach their music content to a massive audience base in the region. The coming together of the No. 1 players from the Punjab region, across the Music Company - Speed Records, the Radio Station - 92.7 BIG FM and the Television Channel - BIG CBS Spark Punjabi, promises to see excellent synergies coming into play.

Speed Records, boasts of an enviable library with music ranging genres like Sufi, Punjabi, Hip Hop, Contemporary, and featuring music ranging stalwarts to fresh talent with names like Gippy Grewal, Jazzy B, Satinder Sartaj, Amrinder, Honey Singh, Alfaaz, Preet Harpal, Master Saleem, Nacchatar Gill, Geeta Zaildaar and more.

Reliance Broadcast Share Price

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Peers

Company Name	CMP
PVR	938.05
Saregama India	344.55
Shemaroo Entertain.	105.35
Balaji Telefilms	94.39
UFO Moviez	72.06
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RBNL rises on entering into alliance with Speed Records

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