Reliance Group’s gaming firm Codemasters lists on LSE AIM

Source: The Hitavada      Date: 02 Jun 2018 10:45:54



ANIL Ambani-led Reliance Group on Friday announced the listing of its gaming firm Codemasters on the London Stock Exchange’s (LSE) AIM platform after raising Rs 1,700 crore via IPO. The shares were currently trading at 260 pence, which is 30 per cent premium to the initial public offering (IPO) of 200 pence, Reliance Group said in a statement. Codemasters’ 185 million pound (about Rs 1,700 crore) IPO comprised sale of fresh shares worth 15 million pound, besides, sale of shares to the tune of 170 million pound by Reliance Group and other management stakeholders.

The public issue was significantly oversubscribed and attracted bids from leading institutional investors in the UK and Europe. Reliance Group has sold its 60 per cent stake Codemasters through IPO and now hold 29 per cent in the gaming company. The Group has received net proceeds worth Rs 1,400 crore from public issue. At current price, remaining 29 pc stake in Code-masters is worth Rs 1,000 crore.