MUMBAI: Big FM will now be listed on the Bombay Stock Exchange as Reliance Media World Limited.

The radio business of Adlabs Films Limited (AFL) namely Big FM was demerged from AFL into Reliance Unicom Limited pursuant to the approval of the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 (Scheme...), which was approved by the high court on 4 April this year.

The name of Reliance Unicom Limited has thereafter been changed to Reliance Media World Limited... with effect from 22 July 2009. The radio business stands de-merged from AFL and transferred to and vested in Reliance Media World Limited (formerly Reliance Unicom Limited) on a going concern basis.

The shareholders of AFL as on 7 August 2009 will be given one equity shares of Reliance Media World Limited for every one equity shares held by them in AFL. Reliance Media World Limited will thereafter be listed on the Bombay Stock Exchange and the National Stock Exchange, says a release.