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An announcement from Music Broadcast Ltd. ( (IN:RADIOCITY) ) is now available.
Music Broadcast Limited has received an order from the Madras High Court in relation to a contempt petition. The court has directed the company to produce music logs for SIMCA members from August 2010 to December 2020 and calculate royalties based on specific agreements. The company plans to appeal this order, and no immediate payment is required. This development may impact the company’s legal and financial strategies, but no immediate financial obligations have been imposed.
More about Music Broadcast Ltd.
Music Broadcast Limited operates in the media and entertainment industry, primarily focusing on radio broadcasting services. The company is known for its popular radio station, Radio City, and targets a wide audience across India.
Average Trading Volume: 25,307
Technical Sentiment Signal: Sell
Current Market Cap: 3B INR
For a thorough assessment of RADIOCITY stock, go to TipRanks’ Stock Analysis page.