It was in the month of July when news reports about a leading corporate house showing interest in acquiring news broadcaster New Delhi Television (NDTV) soared. The buzz had a positive impact on the shares of the news broadcaster, which hit its upper limit of approximately 20 per cent.
The news caught more fire, when business journalist Sucheta Dalal tweeted, “Sources say Adani has made a bid for [HASHTAG]#NDTV[/HASHTAG]. Haggling about price. Stock shot up 20%. muzzling @madhukishwar & us to keep out bad news?”
NDTV refuted the report by issuing a statement to the BSE on 25 July evening. The statement said, "As part of its continuing business strategy to look for growth opportunities, the Company is constantly on the look out for and in discussions with potential partners in various capacities to further its business. The Company is not aware of any negotiations ...”
Adani Group looking to acquire stake is baseless, says NDTV | Indian Television Dot Com
The news caught more fire, when business journalist Sucheta Dalal tweeted, “Sources say Adani has made a bid for [HASHTAG]#NDTV[/HASHTAG]. Haggling about price. Stock shot up 20%. muzzling @madhukishwar & us to keep out bad news?”
NDTV refuted the report by issuing a statement to the BSE on 25 July evening. The statement said, "As part of its continuing business strategy to look for growth opportunities, the Company is constantly on the look out for and in discussions with potential partners in various capacities to further its business. The Company is not aware of any negotiations ...”
Adani Group looking to acquire stake is baseless, says NDTV | Indian Television Dot Com
