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Music Broadcast loses steam after stellar debut

Music Broadcast loses steam after stellar debut

Saturday, March 18, 2017, 3:22 PM

Shares of Radio City FM channel operator Music Broadcast pared gains on its debut day on Friday to end up 12% above the issue price of Rs 333 per share. The stock, which is the second to list in 2017 after the BSE and the first radio channel operator to debut after Entertainment Network (India) in 2006, closed at Rs 373.15 on the BSE.
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