Finally, Adani Buys NDTV In A Deal. Here are some important points, you should know if you are stakeholder of NDTV.
NDTV Intro
NDTV stands for New Delhi Television. Channel is the leading media channel in India. NDTV operates three national news channels, NDTV 24 7, NDTV India And NDTV Profit. RRPR holds a 29.18% stake in NDTV.
Quick Deal?
No, the Deal of NDTV and Adani group was not a quick deal. Acquisition deal was already in market from many months. Finally, the Deal is done.
Adani Vs Ambani
Gautam Adani and Mukesh Ambani is the top businessman of India. Adani wants to compete with Ambani. Reliance Industries owns Network 18. NDTV Vs Network 18 will start in market now.
Deal Details
Adani Buys NDTV stake indirectly. Now Adani owns 29.18% shares. Adani also launched an open offer to buy another 26% stake in NDTV. Adani’s Stake can up to 50%.
Effect On NDTV Shares
NDTV stock price up 177% in last 6 months. Insiders already knows the deal. NDTV stock give excellent returns.
Hold, Buy Or Sale NDTV?
Now a question arises for shareholders. Financial results of NDTV were good. You can buy and hold the stock. Target of NDTV share up now.
Do you know, Ravish Kumar was against Adani. NDTV is known for Ravish Kumar. Ravish was also posted against MODI-ADANI multiple times.
Adani wants to buy another 26% stake from shareholders from Rs 294 per share. AMG media private limited (AMNL) complete this deal.
Also Read:
About Gautam Adani
Gautam Adani is the world 4th richest man. He can reach on 4th spot very soon. Today, A report claimed that, Adani stocks are overvalued.
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