NDTV hits 5% upper circuit on talk of buyout by SpiceJet's Ajay Singh

NDTV's stock has rallied 59% from its multi-year low of Rs 33.50 touched on August 9, 2017 on BSE in intra-day trade

New Delhi Television (NDTV) is locked in upper circuit of 5% at Rs 53.10 on the Bombay Stock Exchange (BSE) in otherwise weak market, after media reports suggested that the SpiceJet’s co-founder Ajay Singh has picked up majority holding in the news channel.
 

Till 03:14 PM; a combined 67,113 shares changed hands on the NDTV counter and there were pending buy orders for 869,928 shares on NSE and BSE.

"With its founders Prannoy Roy, Radhika Roy and promoter firm RRPR Holding Pvt Ltd facing a CBI probe for allegedly concealing a share transaction, NDTV is set to change hands,