|
Mumbai:
Anil Ambani group company Reliance Capital Ltd has acquired
over six per cent stake in Global Broadcast News Ltd (GBN),
which operates the English news channel CNN-IBN and Hindi
channel IBN7.
The
company acquired 16.75 lakh shares, representing 6.27
per cent stake of GBN through an open market transaction
on BSE.
Reliance
Capital consolidated net profit increased 36.89 per
cent to Rs 921.70 million for the quarter ended Dec.
31, 2006 and total income jumped 2.90 times to Rs 4360.50
million for the same period.
Reliance
Capital is a leading private sector financial services
company with interests in asset management, mutual funds,
life and general insurance, private equity, stock broking
and other activities in financial services.
Reliance
Mutual Fund through various schemes has exposure in
various media companies.
On
a stand-alone basis, the company reported a rise of
11.60 per cent in net profits at Rs72.57 crore for the
quarter ended December 2006 compared with Rs64.98 crore
for the quarter ended December 2005.
In
terms of net worth, RCL ranks among the top 3 companies
in the
private financial services and banking sector in the
country.
Shares
of the company closed down Rs31.35, or 4.67 per cent
at Rs639.30 . Total volume of shares traded at the BSE
was 653,731.
|
