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The offer closes on 8 March. Music Broadcast plans to use the proceeds of the share sale to reduce its debt and for general corporate purposes. Music Broadcast is promoted by Jagran Prakashan Ltd, a media group with interests in print, radio, digital, out of home and brand activations. Jagran publishes 10 print titles in five different languages across 13 states in India and has over editions and sub-editions.
These include Dainik Jagran and Inquilab. Ltd is backed by global private equity firm Blackstone, which invested Rs crore in in Jagran Prakashan had acquired Music Broadcast in December for around Rs crore, entering the radio business. Radio City, which started operations in four cities in , is now present in 37 cities, including Bengaluru, Mumbai, Chennai, Pune, New Delhi, Hyderabad and Ahmedabad. As on 31 March , the radio station reached out to over Ltd, which operates Suno Lemon Ltd, which operates Friends It also operates online radio on its web portal Planet Radio City.
It operates 40 web radio stations through planetradiocity. In the six-month period ended on 30 September , Music Broadcast had a revenue of Rs1, Looks like you have exceeded the limit to bookmark the image. In order to have an efficient exit strategy, there are certain factors to take note on.
Upcoming IPO in Jun. Upcoming IPO in Jul. Upcoming IPO in Aug. The company operated under the brand name Radio City and reaches out to over The company currently operates 39 stations which includes 11 newly acquired stations. Date of establishment : Music Broadcast was established in It also provides Radio Jockey RJ hosted shows in multiple languages. Promoters of Music Broadcast Ltd.
Customer segment : The company offers its services to listeners of FM radio. Votes 0. View All Review. Latest IPO.
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