The NDTV stock is dead in the water

The Adani group’s disinclination to push for majority control creates conditions for turmoil at the broadcaster. Not a good look for its shares.

A fortnight after the Adani group announced that it was acquiring a 29.18% stake in news broadcaster NDTV, its stock shot up to Rs 545.75—its highest price in over a decade—making it the second most valued media company after Mukesh Ambani-owned Network18. 

Subsequently, the stock fell to Rs 330 in the days after the Adani group said that it would only pay Rs 294 per share in the mandatory open offer to shareholders. The open offer ended on 5 December and the stock has traded lower since then, only witnessing a 5% rise yesterday, to close at Rs 375. But …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor