: NDTV shares continue to gain; hit upper circuit limit #IndiaNEWS #Business New Delhi: Shares of New Delhi Television Ltd (NDTV) hit the upper circuit limit for the third straight day in the opening

NDTV shares continue to gain; hit upper circuit limit #IndiaNEWS #Business
New Delhi: Shares of New Delhi Television Ltd (NDTV) hit the upper circuit limit for the third straight day in the opening trade on Friday.
The companys shares have been rising after Adani groups hostile takeover bid with the announcement of an open offer on Tuesday to acquire an additional 26 per cent stake.
The scrip opened at Rs 423.85, its highest trading permissible limit for the day as well as the fresh 52-week high level, on BSE. This was a 5 per cent increase compared to Thursdays closing level of Rs 403.70 apiece.
As the session progressed, the shares were trading at Rs 422.10 apiece, a gain of 4.56 per cent.
On NSE too, the companys shares reached the upper circuit limit of Rs 427.95, which was also its 52-week high on the bourse, after opening at Rs 421.90.
The scrip marginally shed the gains and was 3.48 per cent up at Rs 421.80. On Thursday, it closed at Rs 407.60.
In early trade, both the Sensex and the broader Nifty indices were trading in the green.
Adani group, on Tuesday, launched the open offer after an indirect acquisition of 29.18 per cent shareholding in NDTV.
However, NDTV has said that markets regulator Sebis approval is necessary for Adani group firm Vishvapradhan Commercial Private Ltd (VCPL) to acquire interests in the companys promoter entity RRPR Holding Pvt Ltd.

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