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Adani poised to be largest shareholder in NDTV as open offer subscribed 32%

Billionaire Gautam Adani's group has found investors willing to sell over 53 lakh shares of NDTV despite the deep discount to the stock's current trading price, giving it the rights - which it may or may not exercise - to nominate a chairman of the broadcaster. The open offer, made after Adani group acquired a little known firm that gave it an indirect holding over 29.18 per cent stake in New Delhi Television (NDTV), closes on December 5, according to a stock exchange notification. Against the offer to buy 1.67 crore shares, or 26 per cent of equity - from NDTV's minority investors at a price of Rs 294 apiece, Adani group has received offers for 53.27 lakh shares, according to data available on the National Stock Exchange (NSE) website. Corporate investors have offered the most at 39.34 lakh shares while retail investors have offered a little over 7 lakh shares. Qualified institutional buyers (QIBs) have tendered 6.86 lakh shares, according to the NSE data which did not identify ...

What does Gautam Adani's partial takeover of NDTV mean for television news?

Since its inception, NDTV's strength has been questioning the establishment on every side of the ideological divide

Senior journalist Ravish Kumar resigns from NDTV amid Adani takeover

Ravish Kumar has been an integral part of NDTV for more than two decades and has been conferred with the prestigious Ramon Magsaysay award and Ramnath Goenka Excellence in Journalism Award twice

NDTV shares continue to rally for the fifth day, surge nearly 25%

This is the fourth straight day that the stock has hit the upper circuit, BSE data showed

NDTV saga: Who are the three new directors on the board of RRPR Holding

Sudipta Bhattacharya, Sanjay Pugalia, Senthil Chengalvarayan were appointed as the Roys stepped down

From Roys to Adani: How NDTV promoter firm RRPR changed hands in 3 months

Tuesday night development completes Round 1 of Adani group's acquisition plan; Round 2 to conclude next week

New NDTV board OKs Radhika & Prannoy Roy's resignation as RRPR directors

This means that the existing and longstanding promoters and management of NDTV has exited the company. The Adani group takeover is thus complete

Radhika, Prannoy Roy resign from NDTV promoter firm RRPR Holding's board

NDTV had previously said the takeover move "was executed without any input from, conversation with, or consent of the NDTV founders"

LIVE: All hospital services continue to run on manual mode at AIIMS

Live news updates: Catch all the latest news from around the world here

ICICI Bank, HUL, ITC help lift Sensex 177 pts, Nifty above 18,600; PSBs dip

CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,887, and the Nifty 50 registered a new summit at 18,678 on Tuesday.

Adani Group's takeover of NDTV: Understanding the mechanics and the math

Business Standard gives you the lowdown on how the strategy to acquire one of India's better-known broadcasting houses played out

Stocks to Watch: HCL Tech, Lupin, Fusion Micro Fin, Five-Star, NBCC, PNB

Stocks to Watch Today: Newly listed Fusion Micro Finance and Five-Star Business are likely to be in focus on the back of strong Q2 performance reported by the companies.

Top Headlines: India-UAE trade deal; crude import basket at 10-month low

The price of the Indian basket of crude oil has hit a 10-month low of $88.6 a barrel in November, government data showed

Best of BS Opinion: Don't ignore Covid, Nepal's destiny, and more

Here is the best of Business Standard's opinion pieces for today

Entering the final stretch

The NDTV takeover battle is reaching its climax and there are many likely scenarios at play

NDTV promoter firm RRPR Holding transfers 99.5% shares to Adani's VCPL

Ongoing open offer draws bids for 5.3 mn shares as of Monday's close

NDTV takeover a responsibility, not business opportunity: Gautam Adani

Adani wants to build a global news brand; plans to invest $4 bn in a petrochemical complex

Adani group's open offer: 16.54% of NDTV shares tendered by Day 3

Nearly 28 lakh shares were tendered by shareholders of NDTV under the Adani group's open offer at the end of the third day on Thursday. Adani group's open offer to acquire an additional 26 per cent stake in the media firm New Delhi Television (NDTV) started on Tuesday. According to the data from BSE, a total of 27,72,159 NDTV shares amounting to 16.54 per cent of the offer size were tendered by the shareholders by 1600hrs on Thursday. Adani's offer price is Rs 294 per share, while NDTV shares settled at Rs 368.40 on Thursday, which is 25.3 per cent higher compared to the offer price. In the last three months, NDTV shares reached a high of Rs 540.85 on September 5, 2022. The offer closes on December 5, a notice by JM Financial, the firm managing the offer on behalf of Adani Group firms, said. Markets regulator Sebi on November 7 granted its approval to the proposed Rs 492.81 crore-open offer. The conglomerate, run by India's richest man Gautam Adani, in August acquired a little-k

1.8 million shares tendered on day two of Adani's NDTV open offer

The names of those who tendered their shares will be disclosed on the final day of the open offer

Stocks to Watch: Nykaa, Vedanta, Adani Enterprises, Inox Green, Siemens

Stocks to Watch: Inox Green Energy Services will make its debut on the bourses today. The issue price has been fixed at Rs 65 per share