RBNL gains on launching ‘BIG Magic International’ television channel in Australia

06 Nov 2012 Evaluate

RBNL is currently trading at Rs. 42.10, up by 0.25 points or 0.60% from its previous closing of Rs. 41.85 on the BSE.

The scrip opened at Rs. 42.00 and has touched a high and low of Rs. 42.10 and Rs. 42.00 respectively. So far 1,035 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 66.50 on 09-Nov-2012 and a 52 week low of Rs. 35.50 on 10-Aug-2012.

Last one week high and low of the scrip stood at Rs. 43.40 and Rs. 41.35 respectively. The current market cap of the company is Rs. 334.00 crore.

The promoters holding in the company stood at 70.29% while Institutions and Non-Institutions held 2.66% and 27.05% respectively.

Reliance Broadcast Network’s (RBNL) has market its foray into Australia with the launch of ‘BIG Magic International’ television channel. This marks the company’s foray into the critical APAC market with a growing South Asian Diaspora, following close on heels to its successful launches in the markets of Canada and the United States.

Konnec TV, Australia’s fastest growing DTH Company that specializes in distributing multicultural television channels is partnering RBNL to distribute the channel across the length and breadth of the vast country. The channel will be added to the basic pack, which is currently priced at AUD 39.55 at a fixed fee.

The channel will offer audiences a phenomenal blend of variety entertainment, infotainment, and business news from the libraries of the RBNL and Bloomberg TV India. The channel’s offerings are customized to suit the entertainment demands of the sizeable South Asian Diaspora in Australia.

Reliance Broadcast Network has a multi media play in the spaces of radio, television, intellectual property, out of home and television products and specializes in creating and executing integrated solutions for clients, across the country.

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