| The Company was incorporated as Music Broadcast Private Limited on November 4, 1999, at Kolkata as a private limited company under the Companies Act, 1956. the Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on June 15, 2015 and consequently, the name of the Company was changed to Music Broadcast Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Mumbai on June 25, 2015. The changes to the name of the Company were undertaken upon conversion of the Company from a private limited company to a public limited company.
On January 17, 2005, the Company allotted 30,000 Equity Shares aggregating 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"). On 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"). On May 25, 2007, Radiovani Holdings Private Limited, an existing Shareholder, transferred 9,003,181 shares amounting to 21.48% of the paid-up Equity Share Capital of the Company to Crystal. IVF Holdings held 99.99% of the paid-up equity share capital of Crystal. Further, pursuant to a share purchase agreement dated December 9, 2014 executed between IVF Trustee Company, IVF Holdings and the Company, IVF Trustee Company transferred its entire shareholding in the Company aggregating to 20.63% of the then paid-up Equity Share capital of the Company, to IVF Holdings. Further, pursuant a share purchase agreement dated December 16, 2014 executed between JPL, Growth Capital Trustee Company Private Limited and IVF Holdings, JPL acquired IVF Holdings from Growth Capital Trustee Company Private Limited, which was the holding company of Crystal. Subsequently, the name of IVF Holdings was changed to Spectrum. Post the acquisition, Spectrum and Crystal held 71.34% and 21.48%, respectively of the paid-up equity share capital of the Company. Subsequently, Spectrum and Crystal were merged into JPL pursuant to the Scheme of Arrangement.
Major events and milestones of the Company : 2001 -The Company won licenses for FM broadcasting in fthe cities under FM Policy Phase I
2005
-IVF Trustee Company invests in the Company and attains a majority shareholding
2006
-The Company won licenses for FM broadcasting in 16 cities under FM Policy Phase II
2010
-The Company launched web radio in India
2014
-JPL invested in the Company through Spectrum
2015
-Issue of Listed NCDs and listing on BSE
-`CRISIL AA/Stable' rating of Listed NCDs by CRISIL Limited
2016
-The Company won licenses for FM broadcasting in 11 cities under FM Policy Phase III
-Re-affirmation of `CRISIL AA/Stable' rating of Listed NCDs by CRISIL Limited
-The radio division of Shri Puran Multimedia Limited was transferred to the Company pursuant to the Scheme of Arrangement.
Awards, achievements and certifications :
2013
-Great Places to Work- Global HR Excellence Awards (Innovative HR Practices)
-Great Places to Work- Rank 32 in the Top 100 Companies
2014
-Great Places to Work- Engaging Frontline Staff (Rank 2)
-IRF Awards - Excellence in Radio Awards -Best on Ground/Activation by an FM Station (Radio City Freedom Awards)
2015
-IRF Awards - Excellence in Radio Awards -RJ of the Year (Hindi) (RJ Ginnie)
-Golden Mikes -Best First Time innovation
-Golden Mikes -Most unique programming concept/idea
2016
-Golden Mikes (in respect of Radio Mantra Stations) -Best Public Service Initiative by a Radio Station or a Network of Radio Stations
-New York Festival Radio Awards - Community service (Dil Deke Dekho - Bronze)
2017
-"Radio City Cine Awards 2017 - Kannada".
2018
- Radio City launches Radio City Cine Awards Marathi, to applaud talent of the artistes and technicians of the Marathi film fraternity.
2019
-"Radiocity becomes the first Indian radio network to acquire commercial rights to sell ad space at the Lucknow metro stations and play curated content for three years".
-"Radio City Graces the Throne with the 'Radio Station of the year' award at the Golden Mikes Awards, Bags 46 Prestigious Awards and counting this Season".
2020 -The Company has issued Bonus Shares in the Ratio of 1:4.
2022 -'A major achievement for Music Broadcast Limited as the Company wins 'India's Best Company of the Year 2022' Award'. -"Another triumph for Radio City as it bags 25 awards at ACEF Global Customer Engagement Forum & Awards 2022".
2023 -The Company has issued Bonus Shares in the Ratio of 1:10.
2024 -"Radio City to Redefine Entertainment with their launch on JioTV"
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