Reliance Capital acquires equity shares in Saregama India Ltd

Q.  Financial services company Reliance Capital has acquired the equity share capital of which company?
- Published on 30 Dec 15

a. Saregama India Ltd
b. Music India Ltd
c. India Music Ltd
d. Tips Music Ltd

ANSWER: Saregama India Ltd
Financial services company, Reliance Capital, has purchased 11.88 lakh equity shares constituting 6.83 per cent of the equity share capital of Saregama India Ltd. on December 28, according to a regulatory filing. At 28th December’s closing price of Rs. 364.40 per unit, Reliance Capital would have paid Rs. 43.29 crore.

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