Synopsis:
NDTV successfully concluded its Rs. 396.49 crore Rights Issue, oversubscribed 1.11 times. Despite this, the stock hit a 10 percent lower circuit. Proceeds will fund expansion, brand-building, debt reduction, and new IPs.
During Monday’s trading session, shares of one of India’s leading entities in news broadcasting and digital journalism hit a 10 percent lower circuit on the stock exchanges, despite the company announcing raising Rs. 396.49 crore via a rights issue.
With a market cap of Rs. 1,071 crores, shares of New Delhi Television Limited closed in the red at Rs. 94.9 on NSE, down by 9.7 percent, as against its previous closing price of Rs. 105.1. The stock has delivered negative returns of around 33 percent in the last one year, and has fallen by nearly 26 percent in the last one month.
What’s the News
According to the latest filings with the stock exchanges, New Delhi Television Limited (NDTV) has concluded its Rights Issue, raising Rs. 396.49 crore. The issue was oversubscribed, receiving applications for 5.36 crore shares against 4.83 crore shares on offer, reflecting an oversubscription ratio of 1.11 times.
Following the allotment, NDTV’s equity share capital increased from 6.45 crore equity shares to 11.28 crore shares. Further, the Promoters’ shareholding increased from 64.71 percent to 69.02 percent, while public shareholding now stands at 30.98 percent.
The proceeds from the Rights Issue will be utilised to expand NDTV’s distribution network both in India and internationally, invest in brand-building initiatives, reduce debt, and fund new intellectual property (IP) and general corporate purposes. This capital infusion is expected to provide enhanced financial flexibility, supporting the acceleration of NDTV’s digital-first growth strategy.
SBI Capital Markets Limited acted as the Advisor for the Rights Issue, Cyril Amarchand Mangaldas served as Legal Counsel to NDTV, and Kfin Technologies Limited acted as the Registrar to the Issue.
Financials & more
NDTV reported a marginal improvement in its revenue from operations, showing a year-on-year increase of around 15 percent from Rs. 94 crores in Q1 FY25 to Rs. 108 crores in Q1 FY26. In contrast, its net loss increased during the same period from Rs. 47 crores to Rs. 70 crores, representing a rise in net losses of about 49 percent YoY.
New Delhi Television Limited (NDTV) operates as a division of AMG Media Networks Limited, a wholly owned subsidiary of Adani Enterprises Limited. The company is a media and broadcasting company and India’s first and largest private producer of news, current affairs and entertainment television. It operates television channels and digital platforms with distribution in India and internationally.
Written by Shivani Singh
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