NDTV Share Price News | Adani NDTV Open Offer

 NDTV Share Price: LTS Investment Fund sold 5,46,379 shares of New Delhi Television Limited (NDTV) in a group transaction for ₹358.53. LTS is a multi-holding and investment platform owned by a group of partners that are listed on the National Stock Exchange (NSE).

On Tuesday, 4,71,698 shares of NDTV were sold in a bulk deal by the Mauritius-based Vikasa India EIF Fund. Despite the significant discount to the current NDTV Share Price, investors have pledged nearly a 32% stake in NDTV as part of an open offering by billionaire Gautam Adani’s group, which closed on Monday. As of Monday’s close, of trading, the Adani Group had bought nearly 53.27 lakh shares of NDTV on the open market at a price range of 294, according to stock market data.

AMG Media Networks, an Adani Group company, received approval from market regulator Sebi to acquire a 26% stake in NDTV through an open offer, after which NDTV shares experienced a strong boom. A gyroscope was installed in it during Tuesday business hours.

Adani Group Open Offer

The richest man in Asia and Gautam Adani, the third richest man in the world, is such a household name today that the price of everything skyrocketed the second he joined it. The situation is similar with shares in NDTV Share, a leading media company. After market watchdog SEBI approved the Adani Group to acquire a 26% stake in the company through an open offering on Monday, NDTV shares started moving at rocket speed. The company’s shares hit highs on Tuesday.

Chain over stock

On Tuesday, the second trading day of the week, the stock market finally closed in the green amid a turbulent day. BSE’s Sensex was up 248.84 points, or 0.40 percent, to close at 61,872.99, while Nifty NSE was also up 0.41 percent, or 74.25 points, to close at 18,403.40. Meanwhile, NDTV shares reached the upper circuit. NDTV shares rose 4.99 percent or Rs.18.20 to Rs.383.05.

NDTV Share News

According to Business Today, the news of having received market regulator approval to acquire a 26% stake in NDTV through an open offering was cited as the reason for this boom. Once approved, this media company will soon be included in Gautam Adani’s portfolio. Such was the impact of the news that there was a rush among investors to buy NDTV shares. According to PTI, the open bidding begins on November 22, 2022 and lasts until December 5. This open offer will be valued at Rs 492.81 crore. connected

What do the experts say about investing?

One analyst also warned against NDTV’s already high share price. AR Ramachandran, Co-Founder and Trainer at Tips2Trades said, “NDTV shares are already overvalued. Based on this news, the stock could rise to Rs 418-430. However, investors should avoid investing at current levels. Investors can wait for the share price to fall to Rs.292 and then invest for the long term.” In the previous session, NDTV’s share price hit a new 52-week high of Rs.374.70. At the same time, Adani Enterprises’ share price fell by nearly one percent to IDR 3,023.65 per share.