The move to the main boards follows its debut on the BSE SME platform on March 24, 2023, when it became the first company from India's out-of-home (OOH) advertising industry to enter the stock market | Image Credit: Bloomberg
Bright Outdoor Media Ltd has moved its shares to the main boards of the BSE and the National Stock Exchange, marking a step up from the SME platform where it became India's first listed outdoor advertising company in March 2023.
The transition gives the Mumbai-based company a wider capital-market platform as it looks to expand its outdoor advertising network, increase its digital billboard portfolio and pursue opportunities in government and infrastructure-led projects, according to a company statement.
Founded in 1980, Bright Outdoor Media operates more than 1,350 hoardings across strategic locations and owns over 50 large-format digital LED billboards in Mumbai. Its business spans traditional outdoor advertising, digital displays and advertising contracts across public infrastructure and transit networks.
The company said its expansion has included opportunities linked to the Navi Mumbai Metro Line advertising tender and the Vile Parle-Kandivali railway road overbridge advertising tender with Indian Railways.