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 i

See Full Page