Music Broadcast Ltd - MUSIC BROADCAST Share Price

Summary

Music Broadcast Limited is engaged in the business of operating Private FM radio stations through the brand Radio City. The Company started its operations in India in July, 2001 in Bangalore and operates radio stations in 39 cities across India. During the financial year ended 31 March 2008, Radio City became the largest Radio network to reach 67 million Indians, according to AZ research March 2018 study.Music Broadcast Limited was incorporated in Kolkata, as Music Broadcast Private Limited, under the companies Act 1956. The company was converted into a Public Limited Company, pursuant to approval of the shareholders at an extraordinary general meeting held on June 15, 2015 and consequently, the name of the company was changed to Music Broadcast Limited and a fresh certificate of incorporation consequent upon conversion to Public Limited Company, issued by the Registrar of Companies.Radio City is the first private FM radio broadcaster in India and also operates the radio stations under the brand Radio City. The company has grown the presence from four cities in 2001 to 39 currently. These radio stations including the eight Radio Mantra Solutions transferred from SPML pursuant to scheme of arrangements and nine out of eleven New Radio City stations. In the year January 17, 2005, the company allotted 30,000 equity shares aggregating to 75% of the then paid-up equity share capital of the company to India Value Fund Trustee company Private Limited (the IVF trustee company) and... Read More