At the heart of Adani Group's two-stage plan to snap up a majority stake in NDTV is a little-known Indian company called Vishvapradhan Commercial Private Limited, founded in 2008
CLOSING BELL: Technically, shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08
NDTV was India's first private producer of news and current affairs shows. Founded by Radhika Roy and Prannoy Roy, it was incorporated on September 8, 1988, as New Delhi Television Private Limited
Against the backdrop of an attempted takeover of NDTV by Adani Media Works, a Securities and Appelate Tribunal (SAT) order of July 20, 2022 assumes significance
The existing promoter group (Roy family) of NDTV has claimed Adani group firms had acquired the stake without consulting its promoters, thus, there may be some legal repercussion ahead.
With billionaire Gautam Adani launching a hostile takeover of NDTV, the Congress on Wednesday alleged that the bid by a company owned by Prime Minister Narendra Modi's "khaas dost (special friend)" is a brazen move to control and stifle any semblance of an independent media. In a stunning move with the potential to change the media landscape, Adani launched a hostile takeover of NDTV, first with an indirect acquisition of a 29.18 per cent stake in the broadcaster followed by an offer to buy out a further 26 per cent controlling stake. The owners of New Delhi Television Ltd (NDTV), one of the nation's most popular news channels, said they were completely unaware of the takeover until Tuesday, and that it was done without their consent or any discussion. In reference to the development, Congress general secretary Jairam Ramesh tweeted, "The news of a deeply over-leveraged company owned by the PM's 'khaas dost' making a hostile takeover bid of a well-known TV news network is nothing bu
Stocks to watch today: Adani Group plans to buy 29.18 per cent stake in NDTV; Canara Bank plans to raise up to Rs 3,500 crore via tier II bonds.
Gautam Adani's group said it will buy a majority stake in New Delhi Television Ltd (NDTV) as it looks to boost media investments as part of an ambitious expansion plan
This came as AMNL's wholly-owned subsidiary VCPL had warrants of RRPR Holding Pvt Ltd, the holding company of NDTV
In a curious turn of events, NDTV has said that without any discussion with the New Delhi Television Limited (NDTV) or its founder-promoters, a notice has been served upon them by VCPL
NDTV says Adani entities' move to take control of NDTV's major shareholder was without consent from the company or its founders
In a country obsessed with Cricket, women footballers have defied the scant investment and tried their best to make inroads in the game, but have only gone as far as getting muted recognition
The stock has rallied 20% in the past two trading days to Rs 312.65. It was at its highest level since September 2008
The tribunal also slashed penalties imposed by the market regulator terming them 'excessive'
Since February 8, 2022, the market price of NDTV has more-than-doubled after the company reported a consolidated net profit of Rs 27.6 crore in December quarter
Based on the current business plan and projections prepared by the management, the Company expects further growth in operations
ABB, Amara Raja, Bharat Forge, Cummins, Hero MotoCorp, Hindalco, Hindustan Motors, HP Adhesives, IRB Infra, M&M, Novartis, Sun Tv, Tata Chemicals and Zomato of announce results on Thursday.
Media firm New Delhi Television Ltd (NDTV) on Wednesday reported a 31.64 per cent increase in its consolidated net profit to Rs 29.87 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 22.69 crore during the October-December quarter a year-ago, said NDTV in a BSE filing. Its revenue from operations was up 9.94 per cent to Rs 116.36 crore during the quarter under review as against Rs 105.83 crore in the corresponding period of the previous fiscal. NDTV's total expenses were at Rs 84.12 crore, up 2.08 per cent in Q3/FY 2021-22 as against Rs 82.40 crore. Shares of New Delhi Television Ltd on Wednesday settled at Rs 117.25 on BSE, up 1.34 per cent from the previous close.
The stock was trading at its highest level since April 2016.
Weekly futures & options expiry and news related to Omicron could sway the market movement