Anil Ambani's Reliance MediaWorks shares jump 18.41 pct on delisting plans

Jan 20 2014, 13:05 IST
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Anil Ambani-led Reliance MediaWorks shares were up 18.41 per cent at 55 rupees. (AP) Anil Ambani-led Reliance MediaWorks shares were up 18.41 per cent at 55 rupees. (AP)
SummaryToday, Anil Ambani-led Reliance MediaWorks shares were up 18.41 per cent at Rs 55.

Anil Ambani's Reliance MediaWorks Ltd shares rose as much as 19.9 per cent after the company said late on Friday that its board will consider delisting of shares at a meeting later in the day.

Anil Ambani's Reliance MediaWorks said in an exchange filing that its board would meet on Monday to consider delisting of equity shares of the company from the stock exchanges.

The promoters hold 73.30 percent stake in the company and market participants say the delisting would be at a "good" premium from the current market price.

At 0403 GMT, shares of Anil Ambani's Reliance MediaWorks were up 18.41 per cent at 55 rupees.

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