NDTV stock leaps amid Adani takeover speculation

Topics NDTV | Adani Group

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.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel