Music Broadcast Limited was incorporated as Music Broadcast Private Limited on November 4, 1999, at Kolkata as a Private Limited Company. The Company converted into a Public Limited Company and the name of Company was changed to Music Broadcast Limited on June 25, 2015. It operates as a subsidiary of Jagran Prakashan Limited.
The Company is engaged in the business of operating Private FM radio stations through the brand Radio City'. The Company under the brand name of 'Radio City' is the first private FM radio broadcaster in India. Radio City has spearheaded the evolution of FM radio by offering content that is unique, path-breaking and invokes city passion amongst listeners with its brand philosophy of 'Rag Rag Mein Daude City'.
The Company started its operations in India in July, 2001 in Bangalore and operates radio stations in 39 cities across India. During the financial year ended 31 March 2008, Radio City became the largest Radio network to reach 67 million Indians, according to AZ research March 2018 study.
Radio City is the first private FM radio broadcaster in India and also operates the radio stations under the brand 'Radio City'. The company has grown the presence from four cities in 2001 to 39 currently. These radio stations including the eight 'Radio Mantra Solutions' transferred from SPML pursuant to scheme of arrangements and nine out of eleven New Radio City stations.
In the year January 17, 2005, the company allotted 30,000 equity shares aggregati ...ng to 75% of the then paid-up equity share capital of the company to 'India Value Fund Trustee company Private Limited' (the IVF trustee company) and also in the year October 14, 2005, the IVF Trustee company transferred 20,400 equity shares, aggregating to 51% of the then paid-up equity share capital of the company to 'IVF Holdings Private Limited' (IVF Holdings).
Company underwent a demerger scheme where it absorbed the FM radio business (Radio Mantra) of Shri Puran Multimedia Ltd. (SPML), a Jagran Prakashan group company, in 2016-17, issuing 10 shares for every 112 SPML shares to consolidate radio assets and create a focused listed entity, to manage cash and support the business during tough times.
In March 2017, the Company came up with a Public Issue of 14,670,530 Equity Shares by raising money from public aggregating to Rs 488.52 Crore, consisting a Fresh Issue of 12,012,012 Equity Shares aggregating Rs 400 Crore and an Offer for Sale of 2,658,518 Equity Shares aggregating to Rs 88.52 Crore.
Radio City introduced the Next Generation of FM Entertainment - VideoCity, India's First Video FM. RadioCity.in launched 9 new web radio stations in FY 2017-18.
The Company acquired the Radio Business of Kolkata based 'Ananda Offset Private Limited' (AOPL) by way of Slump Sale as a going concern in April, 2018. It launched Radio City Punjabi, Radio City Indie, Radio City Ghazal and Radio City Marathi, etc. in 2019. About 14 online radio stations were added including Radio City Gold, Radio City Bollywood Mix, Radio City Tamil, Mohammed Rafi and others from regional content to retro classics.
In 2022, the Company launched their first international property, Radio City Business Titans. Radio City launched a first-of-its-kind platform 'Cineverve' for pan India promotion of movies combining the power of radio and digital. Radio City Freedom launched several new video formats and IPs to promote independent music and artists, to throve independent music scene in India in 2023.
In 2025, Company launched RC Studio - a gamechanging 24x7 video channel on JioTV - making Radio City, the first FM broadcaster in India .
FAQs on Music Broadcast Ltd
1. Can I buy Music Broadcast Ltd from PL Capital? ›
Yes, you can invest in Music Broadcast Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Music Broadcast Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Music Broadcast Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Music Broadcast Ltd pay dividends? ›
Music Broadcast Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Music Broadcast Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Music Broadcast Ltd. is ₹ 6.22 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Music Broadcast Ltd ? ›
The 52-week high and low of Music Broadcast Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
