Credit rating agency, CARE has assigned BBB rating to Rs 45 crore Non-Convertible Debentures (NCD) programme of Reliance Mediaworks while, the rating agency has reaffirmed AAA(SO) rating to the company’s NCD programme worth Rs 350 crore.
The company has received the said rating on the back of strong promoter support and financial flexibility by virtue of RMWL being part of the Reliance Anil Dhirubhai Ambani Group (RADAG). Moreover, infusion of Rs 295 crore through issue of preference share capital was also considered by the rating agency while assigning the said ratings.
Film and entertainment firm Reliance MediaWorks reported a net loss of Rs 126.24 crore for the fourth quarter ended March 31, 2012, compared to a net loss of Rs 173.47 crore for the same quarter last year. The company’s net sales for the quarter under review increased 26.32% to Rs 171.55 crore, against Rs 135.81 crore in the fourth quarter of 2010-11 fiscal.
Company Name | CMP |
---|---|
PVR | 1402.25 |
Saregama India | 444.60 |
Eros Internatl.Media | 22.96 |
Shemaroo Entertain. | 170.00 |
Balaji Telefilms | 80.48 |
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