Adani Group launches open offer for NDTV shares
pre-market1 source ↓written by the desknot a recommendation
- offer to acquire
- 26%
- per share
- ₹294
- acquisition amounts
- ₹4,928 cr
In a notable move, Vishvapradhan Commercial has announced an open offer to acquire 26% of NDTV's voting share capital at ₹294 per share. The total consideration for this acquisition amounts to ₹4,928 cr.
This development could significantly impact NDTV's ownership structure, potentially reshaping the media landscape in India. Traders should monitor market reactions closely.
Not investment advice. For informational purposes only.