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RPT-Reliance Broadcast oks raising over 4 bln rupees
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(Repeats story issued late on Wednesday)
MUMBAI, Sept 1 (Reuters) - India's Reliance Broadcast Network (REBN.BO) said on Wednesday its board has approved raising over 4 billion rupees through an issue of equity shares to its founder and other investors.
The infused capital would enhance its net worth and augment its borrowing capabilities, the company said in a statement.
(Reporting by Kaustubh Kulkarni; Editing by Rosemary Arackaparambil)
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