NDTV shares took off in the stock market. NDTV shares saw a big jump in the stock market on Wednesday after news of Adani Group buying a large stake in NDTV Media Group. NDTV shares rose up to 5 percent. With this, the company's shares were seen touching the upper circuit of the day. At present, the price of NDTV shares has risen by 5 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 percent 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. It is worth noting that in a surprising move, billionaire Gautam Adani has started the process of acquiring 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 percent controlling stake in the company after the first indirect acquisition of 29.18 percent stake in the broadcaster.
In the media industry, where Ambani already has a sizable footprint through Network18, which operates a variety of channels, including the news channel CNN-News18 and the business channel CNBC-TV18, the offer for NDTV will be the Adani group's most well-known venture.
Quintillion Business Media Pvt Ltd, a digital business news platform, was acquired by Adani Media Ventures Ltd (AMVL), the media division of the group's flagship Adani Enterprises Ltd, last year (QBM).