{"id":76344,"date":"2022-12-05T16:30:00","date_gmt":"2022-12-05T11:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=76344"},"modified":"2022-12-05T16:27:40","modified_gmt":"2022-12-05T10:57:40","slug":"ndtvs-shares-plummet-as-the-adani-group-finds-investors-willing-to-sell-them-at-a-discount","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ndtvs-shares-plummet-as-the-adani-group-finds-investors-willing-to-sell-them-at-a-discount\/","title":{"rendered":"NDTV&#8217;s shares plummet as the Adani group finds investors willing to sell them at a discount"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2527667654\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Adani Group had started off with a hostile takeover bid for New Delhi Television (NDTV) by indirectly snapping up a 29.18 percent stake in the broadcaster. Along with Vishvapradhan Commercial and AMG Media Networks, the Adani group followed up the takeover with an open offer to purchase an additional 26% of the shareholding in the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1191550362\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The open offer started on November 22 and is set to close on December 05, 2022. It witnessed a subscription of nearly 32% of the media firm. The offer was to buy 1.67 crore shares or 26% of the equity from NDTV\u2019s minority investors at \u20b9 294 apiece, which is at a deep discount of 29% to its closing price of \u20b9 414.40 apiece as of Friday. As a result, NDTV\u2019s shares are locked in a 5% lower circuit at \u20b9 390.45 apiece.&nbsp;<\/p><p>According to data available on the National Stock Exchange (NSE), the group has received offers for 53.27 lakh shares. Corporate investors have offered the most at 39.34 lakh shares, followed by 7 lakh shares from retail investors, and 6.86 lakh shares from Qualified institutional buyers (QIBs).&nbsp;<\/p><p>Prior to Adani\u2019s takeover, the promoters held a 61.45% stake in the broadcaster. This included 1.88 crore shares or 29.18% stake held by RRPR Holding Pvt. Ltd. (Radhika Roy Prannoy Roy Holdings Private Limited). The Adani group acquired the firm in August, thereby indirectly acquiring a stake in NDTV.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1837379826\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The Adani group has become the largest shareholder of NDTV and this gives it the right to appoint at least two directors on the company board including its chairperson, according to market experts.&nbsp;<\/p><p>RRPR Holdings took an interest-free loan of \u20b9403 crores, in 2009, from a firm linked to Reliance Industries, which eventually ended up with a closely-held firm, Vishvapradhan Commercial Pvt Ltd (VCPL). This loan allowed VCPL to convert warrants into shares of\u00a0RRPR Holdings, which held a 29.18% stake in NDTV. The Adani group in August acquired VCPL and sought conversion for the warrants arising from unpaid loans into equity.\u00a0<\/p><p>Post takeover, the Adani group appointed two of its executives \u2014 Sudipta Bhattacharya and Sanjay Pugalia \u2014 to RRPR\u2019s board. In addition, it appointed Senthil Chengalvarayan, a journalist, to the board. He is an independent director at Quintillion Business Media, another media firm in which Adani bought a stake earlier this year.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"239\" height=\"239\"\/><\/figure><\/div><p>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author is not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/p><div class=\"trade-after-content\" id=\"trade-4259342413\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Adani Group had started off with a hostile takeover bid for New Delhi Television (NDTV) by indirectly snapping up a 29.18 percent stake in the broadcaster. Along with Vishvapradhan Commercial and AMG Media Networks, the Adani group followed up the takeover with an open offer to purchase an additional 26% of the shareholding in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":34394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[422,421,936,2746,3227,3716,4523,3717,3718,2597,2599,5248],"class_list":["post-76344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-adani-group-latest-news","tag-adani-news","tag-stock-market-news","tag-stocks-to-buy","tag-stocks-to-buy-in-2022","tag-stocks-to-buy-long-term","tag-stocks-to-buy-next-week","tag-stocks-to-buy-recco","tag-stocks-to-purchase","tag-stocks-to-watch","tag-stocks-to-watch-in-2022","tag-stocks-to-watch-in-december"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NDTV&#039;s shares plummet as the Adani group finds investors willing to sell them at a discount - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/ndtvs-shares-plummet-as-the-adani-group-finds-investors-willing-to-sell-them-at-a-discount\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NDTV&#039;s shares plummet as the Adani group finds investors willing to sell them at a discount\" \/>\n<meta property=\"og:description\" content=\"The Adani Group had started off with a hostile takeover bid for New Delhi Television (NDTV) by indirectly snapping up a 29.18 percent stake in the broadcaster. 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