Reliance MediaWorks, a district of Anil Ambani-led Reliance cluster , nowadays said it's coming up with a rights issue of equity shares that its board can meet on might twenty eight to think about the proposal.In a filing to the Bombay Stock Exchange , the corporate said its board of administrators also will contemplate and approve audited money results for the year ended March thirty one, 2011.
"The meeting of board of administrators are going to be prevailed might twenty eight, 2011, to think about the difficulty of equity shares of the corporate to the shareholders of the corporate on rights basis," the filing said.Rights issue is an possibility for a corporation to boost further capital by issuing new shares to the present shareholders.When contacted Reliance MediaWorks spokesperson declined to share details, stating it'll be announced solely once the board meeting.
"The meeting of board of administrators are going to be prevailed might twenty eight, 2011, to think about the difficulty of equity shares of the corporate to the shareholders of the corporate on rights basis," the filing said.Rights issue is an possibility for a corporation to boost further capital by issuing new shares to the present shareholders.When contacted Reliance MediaWorks spokesperson declined to share details, stating it'll be announced solely once the board meeting.
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