Adani raises payout on NDTV acquisition
Richest Asian Gautam Adani’s group on Tuesday said it will pay an additional Rs48.65 a share to NDTV stockholders who tendered their shares in its Open Offer to help match what it had paid to buy out a stake of the news broadcaster’s founders.
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Changing Hands
- Adani Group made Open Offer to acquire addl 26% from public shareholders
- Open Offer was at a price of Rs294/share
- It's deep discounted to trading price
- Investors sold 53 lakh shares or 8.27% shareholding
- Earlier, Adani paid Rs342.65/share to buy Prannoy Roy and Radhika Roy's stakes
New Delhi: Richest Asian Gautam Adani's group on Tuesday said it will pay an additional Rs48.65 a share to NDTV stockholders who tendered their shares in its Open Offer to help match what it had paid to buy out a stake of the news broadcaster's founders.
Adani Enterprises in a stock exchange filing said it will pay an additional Rs48.65 per NDTV share to investors, who had sold their shares in an Open Offer between November 22 and December 5, taking the payout to Rs342.65 a share and matching what it paid to buy Prannoy Roy and Radhika Roy's stake.
New Delhi Television Ltd stock on Tuesday closed Rs5.75 or 1.69 per cent higher at Rs345 on BSE.
