NDTV stock leaps amid Adani takeover speculation


New Delhi, Sep 20 (IANS): Media company NDTVs shares are flying on the bourses amid speculation that the entity may be the target of Adani Group that is looking to enter the media business through acquisition.

The company shares on BSE flew in the morning hours of trade to hit the 10 per cent circuit levels. On BSE the stick traded at Rs 79.65, up 9.94 per cent as of 1.07 p.m.

Reports have suggested that Adani Group is looking at Delhi based media companies for its foray and NDTV may be a potential candidate. However, the interest could not be verified by IANS.

On its part, Adani Group is already progressing on its media interests with the appointment of veteran journalist Sanjay Pugalia as the CEO and editor-in-chief.

Though NDTV's financials had been moving up and down, it's stock has performed exceedingly well rising well over 100 per cent in last one year. The company has also been subject of tax investigations.

 

  

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Comment on this article

  • Clifford, Mangalore

    Mon, Sep 20 2021

    Citizens should not allow this BJP agent to take over NDTV as at the moment it is the only company which g unbiased news and if Adani group takes it over that will be the nd of press freedom. This is probably in preparation for the next election.

    DisAgree [5] Agree [18] Reply Report Abuse

  • Anand, Mangalore

    Mon, Sep 20 2021

    After takeover, NDTV will be Godi Media.

    DisAgree [6] Agree [21] Reply Report Abuse

  • Roshan, Mangalore / Abu Dhabi

    Mon, Sep 20 2021

    This is definitely a propoganda by Chaddis. NDTV exposing them exclusively

    DisAgree [7] Agree [17] Reply Report Abuse

  • Gibbs, Udupi

    Mon, Sep 20 2021

    Honest Media company takeover by DISHONEST BUSINESS GROUP... NDTV is the best channel now but on takeover it may convert to BJP publicity channel.

    DisAgree [9] Agree [26] Reply Report Abuse

  • RANGA, MANGALORE

    Mon, Sep 20 2021

    ..few days back when a news paper questioned INFOSYS on frequent glitches in GST software, then NDTV telecasted series of debates calling its attack on Indian Inc. & Industry is too much afraid because of this press attack...if you see their news reports since 2014, they frequently attacked/gave negative reports on Adani/Anil ambani..Anil Ambani even filed defamation case..NDTV thinks its press freedom they do, if others do then its attack..for the past 2 years NDTV telecasted all negative news on Indian economy(even its because of Covid) and said all Industry going brankrupt..but if you see their P/L (available in Moneycontrol website) for the 2 years profit is zooming & their share reach Rs70 from Rs 40/-..

    DisAgree [14] Agree [12] Reply Report Abuse

  • Adv. Melvyn D'souza, Udupi/Kolkotta

    Mon, Sep 20 2021

    Very true, Ranga, Mangalore. They, frustratingly, are out to destroy everything that is going good. I know the inside outs and the agenda. A very positive development.

    DisAgree [8] Agree [6] Reply Report Abuse

  • Jossey Saldanha, Thane

    Mon, Sep 20 2021

    NDTV was the only channel which was Honest ...

    DisAgree [26] Agree [43] Reply Report Abuse

  • Shetty, Kudla

    Mon, Sep 20 2021

    So, last nail in the coffin...

    DisAgree [5] Agree [21] Reply Report Abuse

  • Joe, Mangalore

    Mon, Sep 20 2021

    please name one honest journalist, lawyer, politician in India.

    DisAgree [1] Agree [6] Reply Report Abuse


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