After the announcement of Adani Group’s decision to buy a 29.18 per cent stake in NDTV, the stock of NDTV registered a sharp jump and seemed to be upper circuit every day. However, after the 9th day on Tuesday, September 6, its shares have fallen and the company’s stock has a lower circuit.<\/p>\n
Adani Group’s media company had announced to buy a 29.18 per cent stake in NDTV as well as buy a 26 per cent stake through an open offer. This deal is being discussed for the last year, due to which the shares of NDTV are showing a jump. On NSE, this stock has given a return of 593.65 per cent to the investors during one year. This stock has risen from Rs 74.75 level to Rs 573 level during one year.<\/p>\n
The stock of NDTV has given a return of 351.07 per cent during the YTD, while it has given a return of 226 per cent in the last six months and 77.66 per cent in one month. Its 52-week high rate is Rs 573 per share, while the 52-week low price is Rs 71.70 per share. Experts believe that the jump in its shares is not sustainable.<\/p>\n
Significantly, Pranav Roy and Radhika Roy hold a 32.26 per cent stake in NDTV. The Adani Group has indirectly acquired a 29.18 per cent stake in RRPR, another company that has a stake in NDTV. Apart from this, other big investors of NDTV are LTS Investment Fund Limited, which holds 9.75 per cent and Vikasa India EIF I Fund holds 4.42 per cent.<\/p>\n
Let us tell you that amidst the deal of Adani Group’s media company NDTV, the matter is stuck regarding the purchase of the company. In such a situation, if the open offer of the media company of the Adani Group is accepted, then Adani will have more than half the stake in New Delhi Television Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"
After the announcement of Adani Group’s decision to buy a 29.18 per cent stake in NDTV, the stock of NDTV registered a sharp jump and seemed to be upper circuit every day. However, after the 9th day on Tuesday, September 6, its shares have fallen and the company’s stock has a lower circuit. Adani Group’s […]<\/p>\n","protected":false},"author":21814,"featured_media":92809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[9171,10366,7314],"class_list":{"0":"post-124499","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-adani-group","9":"tag-gautam-adani","10":"tag-ndtv"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/124499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21814"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=124499"}],"version-history":[{"count":1,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/124499\/revisions"}],"predecessor-version":[{"id":124500,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/124499\/revisions\/124500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/92809"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=124499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=124499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=124499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}