Reliance MediaWorks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2011, has approved raising an amount not exceeding Rs. 500 crore by way of Rights Offer of Equity Shares to the Company's Shareholders, subject to necessary sanctions, approvals and applicable provisions of law.
The Board of Directors of the Company have empowered its Committee to decide upon the terms and conditions including the price, share entitlement ratio, timing and other details and modalities for the Rights issue, which shall be informed in due course.
Sensex
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Sunday, May 29, 2011
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