To bring down promoter stake and increase public shareholding
Reliance Industries announced that it is proposing to sell 3.25 crore shares of Network 18 Media & Investments (NM18) (representing 3.10% of the equity capital of NW18) to bring down the aggregate shareholding of the promoter and promoter group to 75% and increase the public shareholding to 25% as mandated by Clause 40A of the listing agreement pursuant to securities contract (regulations) rules, 1957.Powered by Capital Market - Live News