Stocks

Delisting window ends for Reliance Media

| Updated on March 26, 2014

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The Reliance MediaWorks stock will remain in focus with the delisting window closing on Wednesday. Against the target of 5.16 crore shares, it received bids for only 3.56 crore shares (till 7.40 pm). Most of the shares were tendered at ₹59 against the floor price of ₹48.65. It remains to be seen whether the delisting is successful given the lukewarm response and the indicative price from the investors. The stock could react adversely if the promoters withdraw the offer for delisting.

Published on March 26, 2014

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