The Roys still hold 32.26 per cent in NDTV as promoters and have not resigned from the board of the company
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
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
Topics
NDTV | Adani Group | BSE
The stock of NDTV continued to rally for the fifth day in a row on Wednesday, climbing 5 per cent to hit its highest permissible trading limit for the day on the BSE. This is the fourth straight day that the stock has hit the upper circuit, BSE data showed. In five days, the stock has rallied nearly 25 per cent.
NDTV founders Prannoy Roy and Radhika Roy resigned as the directors of promoter group entity RRPR Holding on Tuesday, as the Adani Group nears takeover of the media company. The stock climbed 5 per cent to Rs 447.70 — its upper circuit limit – on the BSE on Wednesday.
Since the launch of the open offer by the Adani group for an additional 26 per cent stake in NDTV on November 22, the stock price has increased by 19 per cent. RRPR Holding, which has been acquired by the Adani group, held 29.18 per cent in the media company. However, the Roys still hold 32.26 per cent in NDTV as promoters and have not resigned from the board of the company.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, November 30 2022. 21:28 IST
RECENT NEWS
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more