The VCPL's manager JM Financial in a detailed statement said that the announcement in the newspapers for 26 per cent additional stake in NDTV will be published on October 14. The date of commencement of the tendering period is October 17 and the offer closing date is November 1
The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, said an advertisement by JM Financial, which is managing the offer.
AMG Media Networks Limited announced an open offer for up to 26 per cent stake in NDTV at a price of Rs 294 per share. The share price of NDTV closed at Rs 366.20 on BSE on Tuesday.