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.

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

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.

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).