NDTV shares locked at 5% UC on Day 4 of open offer by Adani


Shares tendered by NDTV investors for Adani Group’s offer stood at 39.35 lakh shares (23.48%) as on day 4 against the offer size of 1.67 crore shares . NDTV shares remained locked at the 5% upper circuit of 385.6 at closing Friday .

The open offer by Adani Group’s wholly owned subsidiary VCPL to acquire an additional 26% in NDTV runs from November 22-December 5.

Delivery as a percentage of traded quantity stood at 100% with 36944 shares being tendered .

The floor price of the offer at 294 is at a 31% discount to Friday’s closing price.

Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.

Take the test

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.


Source link

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments