Share price of New Delhi Television Limited (NDTV) hit the upper circuit limit on Friday surging to the highest level since 2008 on Adani Group s offer to acquire the majority stake in the news channel company.
New Delhi Television Limited (NDTV) on Thursday informed the stock exchanges that its promoters are barred from accessing the securities market until November 26, 2022, and thus the Adani Group would need the approval of the Securities and Exchange Board of India (SEBI) to buy its stake.
On the BSE the share price of NDTV opened at Rs 423.85, the upper circuit limit. This is five per cent higher when compared with its previous day's close at Rs 403.70.