Jul 26, 2009

Adlabs Films Limited - Stock Review

Adlabs Films Limited, A Reliance ADA Group Company which is a leading player in Media & entertainment Space has business interest in various verticals of entertainment sector like

Film Processing
Film Exhibition
Film Distribution
Film Production
Television & Animation business
Music Labels ( BIG muisc )
Radio Business ( BIG FM 92.7 )

Adlabs Films in its latest move had initiated a process to demerger some it business Unit into Independent Group companies. Under this Adlabs Films Got Approval from Bombay High Court & Ministry of IT to demerger its radio business into a company Reliance Media World Limited, All the Assets Related to radio business will be transferred under this company.

Under this Scheme Of arrangement Company has fixed "August 07, 2009" as Record Date for the purpose of Determination of the Shareholders of the Adlabs Films Ltd entitled to receive shares of Reliance Media World Ltd (formerly Reliance Unicom Ltd) in the ratio of 1:1 in terms of the Scheme of Arrangement between Adlabs Films Ltd, Reliance Media World Ltd (formerly Reliance Unicom Ltd) and their respective shareholders and creditors.

Reference Link - Investor's Eye ... 27/08/07

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