NDTV Share Price Today: NDTV shares are on the rise. On the NSE, against Wednesday’s upper circuit closing price of 388.20, the price today has risen by 5% to Rs 407.60.
NDTV shares are surging today, Thursday, on news of the Adani Group’s acquisition. On the NSE, the closing price with Wednesday’s upper circuit has once again reached Rs 407.60, a 5% increase over 388.20.
In the last year, NDTV’s stock has increased by 442%. It has increased by 254% since the beginning of the year. Since the acquisition was announced, the company’s stock price has more than doubled. In the last five years, it has returned 933 percent.
Let us tell you that the shares of NDTV skyrocketed as soon as the market opened on Wednesday. In comparison to Tuesday’s closing price, NDTV’s stock opened at Rs 380 on the BSE. It increased by 5% in a short period of time to Rs 384.50. NDTV’s stock was also in the upper circuit on Tuesday, closing at Rs 366.20, up 5%.
This is how the share acquisition procedure went
The Adani Group recently established AMG Media Networks, its own media company. Vishwa Pradhan Commercial Private Limited, a subsidiary of the same AMG Media Networks, will acquire NDTV’s shares. Twelve years ago, the company made a loan to RRPR Holding Pvt Ltd, an NDTV promoter company, against which the shares were acquired. The Adani Group has also stated that it will launch an open offer to acquire an additional 26% stake in NDTV. If the Adani group is successful, its total stake in NDTV will increase to 55.18 percent, making it