ZEE Media has reportedly changed its plans to bid for Reliance Broadcast Network Ltd (RBNL).
ZEE Media had initially submitted Expression of Interest (EOI) for the debt-ridden company. However, the notice has been withdrawn without any reason. It said, “We would like to inform you that the Company has withdrawn its EOI filed with the CIRP on June 27, 2023, and accordingly the Company shall not be participating in the resolution plan of RBNL.”
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RBNL operates the BIG FM radio network.