Home / Markets / Stock Markets /  NDTV shares locked at 5% UC as Adani open offer gathers steam

Shares tendered by NDTV investors for Adani Group’s offer stood at 53.28 lakh shares (31.78%) as on day 5 against the offer size of 1.67 crore shares . NDTV shares remained locked at the 5% upper circuit of 404.85 at closing Monday . 

The open offer by Adani Group’s wholly owned subsidiary VCPL to acquire an additional 26% in NDTV runs from November 22-December 5. 

Delivery as a percentage of traded quantity stood at 100% on BSE  with 65225 shares changing hands, showing high demand for the stock  . 

The floor price of the offer at 294 is at a steep discount to Monday’s closing price. 

The open offer size is 492.81 crore at the floor price of 294 a share.

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