NDTV shares jump 5% as founders sell 27.26% stake to Adani Group
The Roys plan to sell 1.75 crore equity shares constituting 27.26% of the share capital in the news network to RRPR Holding .
The Roys plan to sell 1.75 crore equity shares constituting 27.26% of the share capital in the news network to RRPR Holding .
The news network has also postponed its annual general meeting by a week.
SEBI approval is necessary for Adani Group entities to secure 99.5% interests in RRPR Holding, says NDTV.
Adani Group subsidiary launches an open offer to acquire a 26% stake in NDTV for ₹294 per share.