NDTV Shares Climb 5%, Hit Upper Circuit Limit Amid Gautam Adani's Takeover Bid
NDTV Shares Climb 5%, Hit Upper Circuit Limit Amid Gautam Adani's Takeover Bid
It comes as the multi-billionaire moved to take a majority stake in the firm.
It comes as the multi-billionaire moved to take a majority stake in the firm.
NDTV says this "was executed without any input from, conversation with, or consent" of the company's founders.
NDTV says this "was executed without any input from, conversation with, or consent" of the company's founders.
A unit of the Adani Group said it had used financial rights in a bid to purchase a 29.18% stake in NDTV
A unit of the Adani Group said it had used financial rights in a bid to purchase a 29.18% stake in NDTV
Hours after the announcement, NDTV issued a statement saying the move by the Adani Group
Hours after the announcement, NDTV issued a statement saying the move by the Adani Group
NDTV is regarded as one of the few media groups that often takes a critical view of the ruling administration's policies.
NDTV is regarded as one of the few media groups that often takes a critical view of the ruling administration's policies.
It operates three national channels: NDTV 24x7 in English, NDTV India in Hindi and a business news channel.
It operates three national channels: NDTV 24x7 in English, NDTV India in Hindi and a business news channel.
Unsurprisingly, NDTV has often been in the crosshairs of Mr Modi's administration and his Bharatiya Janata Party (BJP).
Unsurprisingly, NDTV has often been in the crosshairs of Mr Modi's administration and his Bharatiya Janata Party (BJP).