Sapphire Media Limited has received all the statutory approvals to take over the board and management control of Radio Big 92.7 FM from the Ministry of information and Broadcasting
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the approval of Sapphire Media's resolution plan for acquiring Big 92.7 FM, owned by Reliance Broadcast Network Limited, dismissing a batch of appeals filed by Radio Mirchi, Orange FM, and others.
New Delhi [India], November 20: From frontrunner in race to the final winner, Haryana-based Sapphire media Limited has won the bid for Iconic radio network BiG 92.7 FM leaving radio Mirchi behind.