Business

Adani-NDTV: Shares Jump After Adani’s Entry In Ndtv, Media Company Shares Rose Up To Five Percent

After the news of Adani Group buying a large stake in NDTV Media Group, there was a big jump in the shares of NDTV in the stock market on Wednesday. NDTV shares rose up to five percent. With this, the company’s shares touched the upper circuit of the day.

At present, the price of NDTV shares has risen by five percent to Rs 384.5. It hit a 52-week high after hitting the upper circuit of the day.

Shares of NDTV jumped 4.99% on the National Stock Exchange. The shares of the company have touched the upper circuit of the day reaching Rs 388.20. This is the highest level of the company in the last year.

Let us tell you that in a surprising move, billionaire Gautam Adani has started the process of acquisition of NDTV. If this acquisition reaches its culmination, the present scenario of media in the country may change.

The Adani Group has also offered to buy an additional 26 per cent controlling stake in the company after its indirect acquisition of 29.18 per cent stake in the broadcaster earlier.

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