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Reliance Broadcast Network shines on JV launching ‘Top 20’

20 Jun 2012 Evaluate

Reliance Broadcast Network (RBNL) is currently trading at Rs. 47.00, up by 0.60 points or 1.29% from its previous closing of Rs. 46.40 on the BSE.

The scrip opened at Rs. 46.00 and has touched a high and low of Rs. 47.25 and Rs. 45.55 respectively. So far 40,000 shares were traded on the counter.

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. 36.00 on 31-May-2012.

Last one week high and low of the scrip stood at Rs. 48.20 and Rs. 42.80 respectively. The current market cap of the company is Rs. 373.00 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’s - BIG CBS SPARK PUNJABI, has further strengthened its music positioning by launching its countdown show called ‘Top 20’. The show will feature 20 of the latest Punjabi songs and the hottest Punjabi artists from across the region. The two hour weekday music countdown show will be hosted by VJ Dhanveer - the most popular Radio Jockey of 92.7 BIG FM’s Chandigarh Station, between 6pm to 8pm from Monday to Friday exclusively on BIG CBS SPARK PUNJABI.

BIG CBS SPARK PUNJABI is presently sharpening its music credentials and has recently entered into a content tie-up with Speed Records, which provides the Channel with an extensive library of some of the best music.

BIG CBS SPARK PUNJABI is a joint venture between RBNL and CBS Studios International. It is the company’s first International Punjabi Channel for the region covering Punjab, Haryana, Chandigarh and Himachal Pradesh (PHCHP).

RBNL is a multi-media entertainment conglomerate with play across radio, television, intellectual properties and out of home. It is part of the Reliance Group and specializes in creating and executing integrated media solutions for brands.

Peers
Company Name CMP
PVR 1074.05
Saregama India 360.15
Shemaroo Entertain. 103.00
Balaji Telefilms 123.00
UFO Moviez 74.33
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