Adani group buys additional 27.26% stake from NDTV founders for ₹603 cr
Adani group’s holding in NDTV reaches 64.71%; NDTV stock trades 2.56% higher at ₹348; touched an intra-day high of ₹359.10.
Adani group’s holding in NDTV reaches 64.71%; NDTV stock trades 2.56% higher at ₹348; touched an intra-day high of ₹359.10.
Shares of NDTV rose 5% to ₹426.40 on the BSE.
It is clear that the RRPR letter lacks bona fides and has no merit or basis either in law or in fact and is misconceived, says Adani Group.
Shares of NDTV have risen 31.5% in the past six sessions after Gautam Adani’s Adani Group announced to acquire stake in the media company.
The contentions raised by NDTV are baseless, legally untenable and devoid of merit, says Adani Group.
Adani Group’s media arm to buy 29.18% stake in NDTV and plans to make an open offer to acquire additional 26% shares in the media company.