Ways2Capital Reviews : NDTV Stock Extends Rally For The Third Session

NDTV stock was locked in an upper circuit for a third day in a row. The stock continued to rally after SEBI ordered Vishvapradhan Commercial Pvt Ltd (VCPL), to make an open offer of buying upto 26% shares of New Delhi Television Ltd (NDTV Ltd) for indirectly acquiring control of up to 52% stake through a convertible loan of Rs350cr in 2009.

As per the shareholding pattern of NDTV disclosed to the BSE, as on quarter ending December 2008, the Promoter Group included RRPR Holding Pvt. Ltd (RRPR), Prannoy Roy and Radhika Roy. An open offer was made by the promoters of NDTV Ltd in the year 2008.

New Delhi Television Ltd is currently trading at Rs51.45 up by Rs4.65 or 9.94% from its previous closing of Rs46.80 on the BSE.

The scrip opened at Rs51.45 and has touched a high and low of Rs51.45 and Rs51.45 respectively. So far 78,710 (NSE+BSE) shares were traded on the counter.

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About Bhoomi Desai