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 .
Extending losses for the third straight session, the share price of NDTV hit a lower circuit of 5% on Monday.
NDTV share price has risen more than 500% in a year, from its 52-week low of ₹75.55 on December 1, 2021, to ₹470.05 intraday today
Shares of NDTV rose 5% to ₹426.40 on the BSE.
Adani Group’s open offer to acquire a majority stake in NDTV has been delayed as Gautam Adani’s firm needs approval from SEBI to complete the acquisition.