November 29, 2023

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NDTV freezes at 10% upper circuit for 2nd straight day; hits 52-week high

Shares of New Delhi Tv Restricted (NDTV) were locked in the ten for every cent higher circuit band for the next straight day, at Rs 87.sixty on the BSE on Tuesday, amid rumours of buyout by Adani Team.

The inventory is buying and selling at its 52-7 days substantial amount, surpassing its previous substantial of Rs 85.85 touched on Could 25, 2021. In the previous two buying and selling times, it has rallied 21 for every cent, as in contrast to a .sixty one for every cent drop in the S&P BSE Sensex. Until ten:02 am, around 444,000 equity shares had altered arms and there were pending buy orders for 210,000 shares on the NSE and BSE, details exhibits.

On its element, NDTV has denied any these types of development and has stated the Founder-Promoters, Radhika and Prannoy Roy, are not in conversations now, nor have been, with any entity for a modify in ownership or a divestment of their stake in NDTV.

“They separately and by way of their corporation, RRPR Holding Personal Restricted, carry on to keep sixty one.forty five for every cent of the whole paid-up share cash of NDTV,” the corporation stated in its trade filing. Go through Below

The corporation even more stated that NDTV has no data on why there is a sudden surge in the inventory price. “As far as your question about the information article is anxious, NDTV are not able to command unsubstantiated rumours, nor does it participate in baseless speculation,” it added.

Adani Team lately appointed veteran journalist Sanjay Pugalia as the CEO and editor in main to lead the media initiatives of the group. Pugalia was extra lately the president at Quint Digital Media.

NDTV is in the company of tv media and operates operates channels NDTV 24×7 (English), NDTV India (Hindi) and NDTV Revenue-NDTV Prime (company and infotainment). The company’s segments include tv media and related operations, and retail/e-commerce.

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