NDTV hit a 14-year high after Adani's announcement..!?

Sowmiya Sriram
NDTV hit a 14-year high after Adani's announcement..!?

Yesterday we saw the news that adani Group has bought the shares of NDTV Group. After this news, the shares of NDTV are said to have risen to the highest level in the stock market this morning. In particular, the shares of NDTV are trading for Rs 384.50 in the stock market, which is the highest in 14 years. It is also called the jackpot for the holders of these shares.
It was announced yesterday that adani Group, one of India's leading industrial companies, has bought the shares of NDTV. Although there was some controversy over the announcement, the news had a huge impact on the stock market. NDTV shares hit a 14-year high in early trading this morning. The adani Group had announced that while adani had bought the NDTV shares, other shareholders could either sell their shares to the adani Group or continue to hold them.
Adani Group is said to have 1.16 million shares so far and 98,170 shares are yet to be approved by NSE and BSE. It is noteworthy that it has increased to 384. It is worth noting that as per the rules of the stock exchange, a company can control its decision if it owns 26 percent of the shares. At present adani Group has 29.11 percent shares, so it is said that NDTV Group has taken control of Adani.
NDTV was founded by Prannoy Roy and radhika Roy in 1984. It is noted that 464 employees are working in this company and the net profit of this company is Rs.72 crores.
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