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Business News/ Markets / Stock Markets/  NDTV shares locked at 5% UC on Day 4 of open offer by Adani
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NDTV shares locked at 5% UC on Day 4 of open offer by Adani

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

A photo illustration shows a man using the Indian news media company NDTV (AFP)Premium
A photo illustration shows a man using the Indian news media company NDTV (AFP)

Shares tendered by NDTV investors for Adani Group’s offer stood at 39.35 lakh shares (23.48%) as on day 4 against the offer size of 1.67 crore shares . NDTV shares remained locked at the 5% upper circuit of 385.6 at closing Friday .

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% with 36944 shares being tendered .

The floor price of the offer at 294 is at a 31% discount to Friday’s closing price.

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Published: 25 Nov 2022, 06:51 PM IST
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