MUMBAI: Reliance Media World Limited will debut on the National Stock Exchange and the Bombay Stock Exchange on Friday.

The Company runs Big FM, along with its allied businesses of BIG Street– the business of out of home media, BIG Digital – an initiative in the digital space, BIG Reach – the activation division, providing brand solutions basis client briefs, BIG Events – organizing B2B events for Corporates, BIG Live – in the business of audience aggregation through organizing live entertainment events and BIG Rural – offering holistic solutions for clients' marketing requirements.

The Radio Division of Reliance MediaWorks Limited has been demerged into Reliance Media World pursuant to the Scheme of Arrangement sanctioned by the Bombay High Court. The shareholders of Reliance MediaWorks Limited have already been allotted one equity share of Reliance Media World for every one equity share held. The Promoter Group's shareholding is at 61.47 per cent.

The listing of Reliance Media World gains significance with the government on the verge of announcing the third-phase roll out of private FM radio. The Company aims to focus on Phase III which will put on auction around 700 new FM stations, across 200+ towns.

Speaking on the eve of the Company getting listed, Reliance Media World CEO Tarun Katial said, Reliance Media World takes forward the Reliance Anil Dhirubhai Ambani Group's establishment in the media space. We are now part of a strong framework which will benefit us in terms of strengthening our leadership position, in the media and entertainment business....