Page 6 - Ndtv

RRPR Holdings board has to act in its fiduciary capacity, say lawyers

This is for past contractual obligations made by RRPR Holdings

NDTV defers its annual meeting by a week amid Adani group's takeover bid

The media company said that the deferment was due to the processes required after the notice and public announcement of the open offer made by Vishvapradhan Commercial (VCPL)

NDTV defers AGM by a week to on Sep 27 amid Adani group's open offer

NDTV has deferred its Annual General Meeting (AGM) by a week to September 27 in view of the open offer from the Adani group to acquire a 26 per cent stake in the media company, according to a regulatory filing. The New Delhi Television Limited (NDTV)'s AGM was originally scheduled to be held on September 20. Last week, the Adani group announced to indirectly acquire 29.18 per cent shareholding in NDTV, and launch an open offer to buy an additional 26 per cent stake. "The 34th AGM of NDTV is being moved from September 20, 2022, to September 27, 2022 as a result of the processes required after the Notice and Public Announcement of the Open Offer made by VCPL (an indirect subsidiary of Adani Enterprises Ltd) to our public shareholders for acquiring up to 26 per cent of the Voting Share Capital of the Company," said Saturday late night filing. The AGM shall now be held on September 27, 2022 through Video Conference in accordance with the circulars issued by the Ministry of Corporate .

No Sebi nod needed: Adani Group counters NDTV promoters' defence

VCPL said the contentions raised by RRPR Holdings in a letter are baseless, legally untenable and devoid of merit.

NDTV shares continue to gain; hit upper circuit limit amid takeover bid

Shares of New Delhi Television Ltd (NDTV) hit the upper circuit limit for the third straight day in the opening trade on Friday. The company's shares have been rising after Adani group's hostile takeover bid with the announcement of an open offer on Tuesday to acquire an additional 26 per cent stake. The scrip opened at Rs 423.85, its highest trading permissible limit for the day as well as the fresh 52-week high level, on BSE. This was a 5 per cent increase compared to Thursday's closing level of Rs 403.70 apiece. As the session progressed, the shares were trading at Rs 422.10 apiece, a gain of 4.56 per cent. On NSE too, the company's shares reached the upper circuit limit of Rs 427.95, which was also its 52-week high on the bourse, after opening at Rs 421.90. The scrip marginally shed the gains and was 3.48 per cent up at Rs 421.80. On Thursday, it closed at Rs 407.60. In early trade, both the Sensex and the broader Nifty indices were trading in the green. Adani group, on Tues

Sebi approval not needed for buying NDTV shares: Adani Enterprises

Says any subsequent attempt to return money received or original warrant certificate will have no legal effect on exercise of warrants by VCPL

Adani says regulatory curbs do not restrict bid to take over NDTV

NDTV sought to block tycoon Gautam Adani's move, saying its founders Prannoy and Radhika Roy have since 2020 been barred by the SEBI from buying or selling shares in India's securities market

Sebi approval needed for Adani to secure promoter group's stake: NDTV

Regulator in 2020 barred Prannoy and Radhika Roy from selling their shares, says news company

This Dolly Khanna portfolio stock delivered over 150% returns in 3 months

Shares of NDTV were locked at the 5 per cent upper circuit for the second straight day, hitting a 14-year high at Rs 403.70 on the BSE on Thursday and rallied 156 per cent in past three months.

Top Headlines: NDTV-Adani ownership battle, sugar exports, and more

New Delhi Television (NDTV) can prevent a takeover by the group if it can buy more shares from public shareholders, corporate lawyers told Business Standard

TMS Ep245: Semiconductor chip, low paddy acreage, markets, hostile takeover

Will India become a global player in semiconductor chips? Lower paddy acreage: How will it affect India? Adani acquires stake in NDTV: Will retail investors benefit? What is a hostile takeover?

Adani acquires stake in NDTV: Will retail investors benefit?

The proposed NDTV's takeover by Adani Group marks Gautam Adani's second media bet in 2022. While the acquisition seems to be 'hostile', it is the retail investors that stand to win. Here is a report

What is a hostile takeover?

The remarks made by NDTV's promoters suggest the takeover was against their wishes. Some are even calling it a 'hostile takeover'. Our next report tells more about it

As Adani vies for majority, NDTV becomes priciest electronic media stock

Trading at P/E multiple of 28.5x - nearly 50% higher than industry average of 18.6x

Retail investors to gain from Adani's takeover bid for NDTV: Analysts

At the bourses, NDTV has been one of the best performing stocks. In the past three months, the counter has gained nearly 140 per cent, as compared to 8 per cent rise in the S&P BSE Sensex

Minority shareholders gain focus amid Adani-NDTV ownership battle

Broadcaster may revise open offer price, say corporate lawyers

Newsmaker: Clock clearly ticking for Prannoy Roy in NDTV ownership battle

On Tuesday the Adani group announced it had exercised rights to acquire an indirect stake of 29.18 per cent in the company

How an unpaid loan aided Adani firms to make hostile takeover bid for NDTV

Adani group's acquisition of 34-year-old broadcaster NDTV will help its owner Gautam Adani, the world's fourth-richest man, to join a club of global tycoons in the media business. But behind that acquisition is an unpaid loan that New Delhi Television's (NDTV) founders Prannoy and Radhika Roy had taken from a company linked to rival billionaire Mukesh Ambani in 2009-10. Vishvapradhan Commercial Pvt Ltd had loaned Rs 403.85 crore to NDTV promoter company RRPR Holding Pvt Ltd. Against this interest-free loan, RRPR issued warrants to VCPL entitling it to convert them into a 99.9 per cent stake in RRPR in case it isn't paid-back. VCPL ownership changed hands in 2012. Adani group firm first acquired VCPL from its new owner and exercised the option to convert unpaid debt into a 29.18 per cent stake in the news channel company. Thereafter, it made a Rs 493 crore open offer to buy an additional 26 per cent stake from the public in line with the country's takeover norms. Roys considered ...

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Target, acquirer, board of directors: Understanding a hostile takeover

While some people refer to Adani's acquisition of a stake in NDTV as a hostile takeover, others disagree. Read more to find out what a hostile takeover is