The exit price for the delisting of Reliance MediaWorks Ltd has been fixed at ₹61 per share at a premium of 25.39 per cent over the floor price.

In a filing to the BSE, promoters of Reliance MediaWorks Ltd (RML) – Reliance Land Pvt Ltd and Reliance Capital Ltd – said the public shareholders of the company were invited to submit bids pursuant to a reverse book-building process (RBP) and arrived at the exit price.

“The final price determined through RBP for accepting the equity shares successfully tendered in the delisting offer is ₹61 per equity share of ₹5 each, which is at a premium of 25.39 per cent over the floor price of ₹48.65,” the filing said.

The acquirers shall acquire all equity shares validly tendered at or below the exit price and the shareholders of RML who have validly tendered shares will be paid consideration at the exit price, it added.

The Reliance MediaWorks’ board had on January 20 approved the delisting offer, which was later cleared by the shareholders.

In March, the two promoter companies of the firm had offered to buyback shares worth at least ₹251 crore from public shareholders as part of plans to delist it.

Shares of RML were trading at ₹59.05 per scrip on the BSE in afternoon trade, up 1.72 per cent from the previous close.