Music Broadcast Limited is seeking acquisitions. Music Broadcast is set to come out with a public offer of more than Rs. 500 crore comprising a fresh issue of Rs. 400 crore and an offer for sale of 26.59 lakh equity shares by the promoters' family. The funds from the issue will be used to retire debt of about Rs. 150 crore and the balance to create a "war chest" for future acquisitions. R. K. Agarwal, Chief Financial Officer, Jagran Prakashan Ltd quoted " "Bulk of the funds will be utilised to strengthen the capital structure so that a war chest is created to acquire more radio stations as and when opportunity arises."