New Delhi, 2/12: Shares of NDTV have jumped more than 16 per cent since the Adani group launched its takeover bid for the media group, a rally that also comes at a time when bullish sentiments are dominating the broader market.
The diversified Adani group started off with a hostile takeover bid for NDTV by indirectly snapping up 29.18 per cent stake in the broadcaster and followed up with an open offer to purchase an additional 26 per cent shareholding.
On the BSE, shares of NDTV have gained 16.19 per cent during the period from August 23, the day when the Adani group announced the takeover bid, till December 1. In between, the scrip touched its upper circuit limit — the maximum permissible trading level in a single day — on multiple occasions.
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