Reliance MediaWorks allots 29,50,000 Redeemable Non-Convertible Preference Shares

Reliance MediaWorks Ltd has on March 31, 2012 allotted 29,50,000, 10% Redeemable Non Convertible Preference Shares at a price of Rs. 1000/- per share on a private placement basis.

The Reliance MediaWorks Ltd stock was trading at Rs.82.10, up by Rs.5.30 or 6.90%. The stock hit an intraday high of Rs.84.45 and low of Rs.76.40.

The total traded quantity was 1.78 lakhs compared to 2 week average of 0.77 lakhs.

Source : Equity Bulls

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