Mumbai: The Board of Directors of Reliance Broadcast Network Ltd. (“RBNL”) today approved a proposal for new capital infusion of over Rs. 400 crore into the Company, by preferential issue of equity shares to the promoter group and other investors. The new equity capital will substantially enhance RBNL’s net worth, and augment its borrowing capabilities, if required, thereby enabling greater participation in future growth opportunities, while enhancing overall shareholder...| Read Full Story