NDTV share price jumps 3% after Adani acquires 29% stake

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[{"selector":"#anim-a8604fd1-0027-495d-8ce7-d6d6e88ec413","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b176155d-c24b-489f-b04d-56117ae281b6","keyframes":{"transform":["translate3d(0px, -208.66289%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] NDTV share price jumped more than 3% today to Rs 380 apiece on BSE, after Gautam Adani-led Adani group made a move to acquire a controlling stake in the television news network on Tuesday.

NDTV stock has risen 42.17% in the last one month, while it has skyrocketed 186.49 per cent in the last six months.

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[{"selector":"#anim-e18e6e32-e4c9-4036-b456-697b0f0b7126","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-881c10be-1abe-44fc-b312-c79440ec8426","keyframes":{"transform":["translate3d(0px, -496.48699%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Adani’s media unit AMG Media Networks Ltd has exercised the rights to convert the outstanding loan to NDTV’s holding company, resulting in acquisition of a 29.18% stake in NDTV.

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