Thursday, December 10, 2009

Stock Queries : RMEDIA,RELMEDIA

Q.I had 200 stocks of adlabs and recently got alloted 200 stocks of reliance media works . how does this 200 stocks of RMWL effect my cost of adlabs.. is this over and above my existing stocks and cost of adlabs 
 
 
Ans.The name of Adlabs has changed to RELIANCE MEDIAWORKS LTD. (RELMEDIA)

Reliance Mediaworks has demerged its Radio business into Reliance Media World Ltd (RMEDIA) and has issued 1 share of FV Rs.5 for every 1 share of Rs.5 held in RELIANCE MEDIAWORKS LTD. (formerly Adlabs).......this is simliar to the demerger of Reliance Inds into Rel Capital, Rel Comm and RNRL, that happened 3+ years ago.
 
Thanks,
 
 
 
Raghav @ Raghav's Picks 
raghav@raghavs-picks.com
 
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The queries marked * are paid queries.From 7th December 09,Stock Queries are charged @ Rs.200 for unlimited queries for 1 month or @ Rs.500 for unlimited queries for 1 quarter.Please mail me for payment options.

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