On the BSE the share price of NDTV opened at Rs 423.85, the upper circuit limit. This is five per cent higher when compared with its previous day's close at Rs 403.70.
Adani group s flagship company Adani Enterprises on Friday through a regulatory filing to the stock exchanges said prior approval from market regulator Securities and Exchange Bureau of India (SEBI) is not required for allotment of NDTV shares to its unit Vishvapradhan Commercial.
NDTV shares were trading 5 per cent up, the maximum permitted limit during the afternoon trade, after the company blocked Adani Group's attempt to acquire shares.At 1.40 p.m., shares of NDTV were trading at Rs 407.60, up 5 per cent from its .
Get latest articles and stories on Business at LatestLY. New Delhi Television Limited (NDTV) on Thursday informed the stock exchanges that its promoters are barred from accessing the securities market until November 26, 2022, and thus Adani Group would require the market regulator Securities and Exchange Board of India (SEBI) approval to buy a stake in the news channel company. Business News | Adani Needs SEBI Nod to Buy Stake as NDTV Promoters Barred from Trading in Securities Markets.
AMG Media Networks Limited (AMNL), a wholly owned subsidiary of Adani Enterprises Limited (AEL), on Tuesday made an announcement about the acquisition of 29.18 per cent stake in NDTV