NDTV founders Prannoy Roy and Radhika Roy say they will sell most of their shares in the broadcaster to Adani Group
New Delhi Television (NDTV), Dish TV, Sun TV Network, and Zee Entertainment outperformed the indices over the last six months by surging between 18 per cent and 95.5 per cent
The appointment of directors, NDTV said, would be taken up at its next board meet on December 23
CLOSING BELL: Among sectors, the Nifty IT index fell 1.5 per cent, while the Nifty PSU Bank index gained 1.2 per cent
Stocks to Watch Today: Read analysis on why value investors could be seen taking selective punts on IT stocks in the near future.
Conglomerate can now propose reconstitution of board, say proxy advisory firms
In a sense, then, corporates are entering the media business for the same reason that political parties and political families own media houses - to influence public opinion
Billionaire Gautam Adani's group has found investors willing to sell over 53 lakh shares of NDTV despite the deep discount to the stock's current trading price, giving it the rights - which it may or may not exercise - to nominate a chairman of the broadcaster. The open offer, made after Adani group acquired a little known firm that gave it an indirect holding over 29.18 per cent stake in New Delhi Television (NDTV), closes on December 5, according to a stock exchange notification. Against the offer to buy 1.67 crore shares, or 26 per cent of equity - from NDTV's minority investors at a price of Rs 294 apiece, Adani group has received offers for 53.27 lakh shares, according to data available on the National Stock Exchange (NSE) website. Corporate investors have offered the most at 39.34 lakh shares while retail investors have offered a little over 7 lakh shares. Qualified institutional buyers (QIBs) have tendered 6.86 lakh shares, according to the NSE data which did not identify ...
Since its inception, NDTV's strength has been questioning the establishment on every side of the ideological divide
Ravish Kumar has been an integral part of NDTV for more than two decades and has been conferred with the prestigious Ramon Magsaysay award and Ramnath Goenka Excellence in Journalism Award twice
This is the fourth straight day that the stock has hit the upper circuit, BSE data showed
Sudipta Bhattacharya, Sanjay Pugalia, Senthil Chengalvarayan were appointed as the Roys stepped down
Tuesday night development completes Round 1 of Adani group's acquisition plan; Round 2 to conclude next week
This means that the existing and longstanding promoters and management of NDTV has exited the company. The Adani group takeover is thus complete
NDTV had previously said the takeover move "was executed without any input from, conversation with, or consent of the NDTV founders"
Live news updates: Catch all the latest news from around the world here
CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,887, and the Nifty 50 registered a new summit at 18,678 on Tuesday.
Business Standard gives you the lowdown on how the strategy to acquire one of India's better-known broadcasting houses played out
Stocks to Watch Today: Newly listed Fusion Micro Finance and Five-Star Business are likely to be in focus on the back of strong Q2 performance reported by the companies.
The price of the Indian basket of crude oil has hit a 10-month low of $88.6 a barrel in November, government data showed