The Australian Parliament on Monday ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023
Stock exchange data shows that no shares were tendered so far; NDTV share price down for third day in a row...
CLOSING BELL: Shares of Paytm hit an intra-day low of Rs 474 apiece, and ended at Rs 475.
Adani Group's open offer for NDTV was to be introduced on October 17 till November 1 but was postponed on not receiving the required approval from the Securities and Exchange Board of India (Sebi)
Stocks to Watch: Kaynes Technology will make its debut today. The issue price is fixed at Rs 587 per share
The offer, for 16.7 million shares at Rs 294 apiece, will close on December 5. The size of the open offer is nearly Rs 493 crore
Adani group's open offer to acquire an additional 26 per cent stake in the media firm New Delhi Television (NDTV) from the market would start from Tuesday. The offer, for which a price band of Rs 294 per share has been fixed, will open on November 22 and closes on December 5, said a notice by JM Financial, the firm managing the offer on behalf of Adani Group firms. 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-known company that lent over Rs 400 crore to NDTV's founders more than a decade ago in exchange for warrants that allowed the company to acquire a stake of 29.18 per cent in the newsgroup at any time. Post that, VCPL - the firm that the Adani group bought out - announced that it would launch an open offer on October 17 to buy an additional 26 per cent stake from minority shareholders of NDTV. However, the offer was delayed since Sebi h
Last month, the Adani group had written to Sebi, re-affirming its commitment to complete the open offer process for additional shares in NDTV
Second time in eight years that TRAI will be issuing guidelines. Comes amid the Adani-NDTV spat. Regulator had released consultation paper in April
Stocks to Watch Today: Bikai Foods, Global Health (Medanta) set for market debut today. Meanwhile, in the F&O segment, BHEL, Delta Corp, GNFC, PNB and Sun TV were in F&O ban period on Wednesday.
On Tuesday, NDTV shares closed trade on the BSE at Rs 384.10 apiece, after hitting the 5-per cent upper circuit during the day
CLOSING BELL: A late rally in the market, helped the benchmark indices end the rather lacklustre day with notable gains. Debutant Fusion MicroFinance ended at a 12 per cent discount to issue price.
NDTV hits 5 per cent upper circuit as Adani Group gets SEBI nod to buy additional 26 per cent stake; the media stock can rally to Rs 450, chart suggests.
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Stocks to Watch Today: Fusion MicroFinance set for its market debut today. Meanwhile, in the F&O segment, BHEL, GNFC, PNB and Sun TV Network are ban period on Tuesday.
Last week, the Adani group had revised the open offer timeline to Nov 22; offer price of Rs 294 a share is at a 24% discount to NDTV's closing price of Rs 365.85 on Monday
Adani is now one step closer to gaining a larger footprint in India's media sector
Stocks to Watch Today: Shares of Apollo Tyres, Bharat Forge, Grasim, Indiabulls Housing Finance, IRCTC , MMTC, MTNL, SpiceJet and Strides Pharma are likely to see some action owing to Q2 results.
The previous timeline for the open offer by Adani was October 17 to November 1
Says CBI approval for the transaction has been withheld; exploring legal options