GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

NDTV Stock Surges Amid Speculation Over Sale Of Controlling Stake

The stock, which was trading at Rs 33.50 on August 9, touched a yearly high of Rs 66.50 on September 7.

Kabir Goswami | News18.com

Updated:September 22, 2017, 2:24 PM IST
facebookTwittergoogleskypewhatsapp
NDTV Stock Surges Amid Speculation Over Sale Of Controlling Stake
File photo of SpiceJet's Ajay Singh (Getty Images)
Loading...
New Delhi: Shares of New Delhi Television Ltd (NDTV) hit the upper circuit, after it surged nearly 5 per cent, hitting a high of Rs 53.10 on the BSE on Friday.

NDTV stock has been experiencing a sudden spike over the past few weeks, owing to an unconfirmed report of SpiceJet’s Ajay Singh planning to buy controlling stake in the multimedia company.
The stock, which was trading at Rs 33.50 on August 9, touched a high of Rs 66.50 on September 7.

In view of the reports on takeover, the BSE issued a notice at 11.10 am saying, “The Exchange has sought clarification from New Delhi Television Ltd on September 22, 2017 with reference to news flashed on www.moneycontrol.com dated September 22, 2017 quoting “SpiceJet’s Ajay Singh set to take control of NDTV”.

In its reply, NDTV said, “We wish to inform you that the promoters of the Company have not entered into any agreement for sale of their stake in the Company to any person.”

“The Company is mindful of its obligations under Clause 30 of the Listing Regulations and shall promptly intimate you of any event required which is required to be disclosed under the said Regulations,” NDTV added.

NDTV, over the past few months, had been in news over alleged financial wrongdoings. In connection with one of such case, CBI had raided the house of NDTV founders Prannoy Roy and his wife Radhika Roy. Premises of the company’s promoter firm RRPR Holding Pvt Ltd were also raided.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,136.40 0.58
Zee Entertain 462.70 -7.80
Yes Bank 179.00 -1.10
Sun Pharma 433.45 2.97
ICICI Bank 362.25 1.06
Company Price Change %Gain
ICICI Bank 362.35 1.22
HDFC 1,949.25 -0.51
Infosys 676.35 -2.48
Sun Pharma 433.10 2.98
Yes Bank 178.90 -1.21
Top Gainers
Company Price Change %Gain
Sun Pharma 433.45 2.97
Bajaj Finance 2,532.20 2.34
Power Grid Corp 196.35 1.97
M&M 770.95 1.93
JSW Steel 305.45 1.87
Company Price Change %Gain
Sun Pharma 433.10 2.98
Power Grid Corp 195.85 1.74
M&M 770.80 1.62
Vedanta 208.90 1.58
Asian Paints 1,354.45 1.47
Top Losers
Company Price Change %Gain
Zee Entertain 462.70 -7.80
UPL 743.65 -3.18
Infosys 676.60 -2.56
Tech Mahindra 709.00 -1.49
Wipro 335.05 -1.34
Company Price Change %Gain
Infosys 676.35 -2.48
Wipro 335.40 -1.29
Yes Bank 178.90 -1.21
ITC 278.00 -0.75
HUL 1,841.10 -0.56

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results