ENIL closes at a premium of 63.4% against the offer price

Entertainment Network India Ltd, the operator of Radio Mirchi FM stations across the country listed on bourses on Wednesday. The stock closed the day at Rs.264.7 against the issue of Rs.162. The stock closed at a high premium (63.4%) against the offer price.

The high premium for ENIL propelled Adlabs belonging to the ADA group, which has bagged several licenses for setting up FM stations across the country. Adlabs closed higher by 15.69% at Rs.401.8.

Source : Equity Bulls

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