Reliance Mediaworks shares tank after Digital Domain files for bankruptcy
Reuters | Updated On: September 12, 2012 10:20 (IST)
Shares in Reliance Mediaworks dropped as much as 7.2 per cent on Wednesday on worries about its loan exposure after Digital Domain Media Group Inc filed for bankruptcy protection.
Reliance Mediaworks Ltd is listed as one of Digital Domain's largest unsecured creditors. Analysts estimated the company controlled by Indian billionaire Anil Ambani had lent about Rs 140 crore to Digital Domain.
Reliance Mediaworks shares were last down 3.6 per cent.
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