Amid the takeover rumours, the shares of NDTV on Monday jumped 10 per cent to their highest trading permissible limit on Monday
_d.jpg "NDTV issues statement amid Adani takeover rumours, says not in discussions")
NDTV founder Prannoy Roy
Amid the takeover rumours, the shares of NDTV, on Monday, jumped 10 per cent to their highest trading permissible limit on Monday. The stock zoomed 9.94 per cent to close at its upper circuit of Rs 79.65 on the BSE. On the NSE, it jumped 9.99 per cent to Rs 79.85.
Responding to the sudden jump in stocks, the New Delhi-based media company said, "NDTV has no information on why there is a sudden surge in the stock price."
Commenting further on the 'news reports', it said, "NDTV cannot control unsubstantiated rumours, nor does it participate in baseless speculation"
The Company is known for exemplary corporate governance and continues to abide by all legal and regulatory requirements for disclosure, the statement added.
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(With PTI inputs)
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