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New Delhi Television Limited ( (IN:NDTV) ) just unveiled an announcement.
NDTV has announced the acquisition of 3,067 equity shares of its subsidiary, NDTV Convergence Limited, from the NDTV Group Employees Trust. This acquisition, valued at Rs. 31,596 per share, aims to simplify the governance structure within the NDTV group. The transaction is expected to be completed by May 31, 2025, and is part of NDTV’s strategic efforts to consolidate its holdings in its digital arm, potentially enhancing operational efficiency and strengthening its market position.
More about New Delhi Television Limited
New Delhi Television Limited (NDTV) operates in the media industry, primarily focusing on television broadcasting and digital content through its subsidiary, NDTV Convergence Limited. The company is a prominent player in the Indian media landscape, offering a range of news and entertainment services.
YTD Price Performance: -21.38%
Average Trading Volume: 22,523
Current Market Cap: 8.26B INR
Learn more about NDTV stock on TipRanks’ Stock Analysis page.