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03
Jan

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Adani to Pay Extra Charges for NDTV Shares Bought Under Open Offer

The transfer price for the shares of New Delhi Television Ltd. (NDTV) that Adani Group purchased through the open offer was higher than the open offer price, so it was decided to pay an additional amount for those shares. Investors in NDTV who sold their shares to the conglomerate in its open offer for the news network will receive an extra 48.65 rupees per share, according to a statement released by Adani Enterprises on Tuesday.

As a result, the offer price has increased to Rs. 342.65 per share, matching the sum that the NDTV founders received from Adani Group when they sold their shares to the conglomerate last week. The share price for NDTV's open offer was Rs. 294 per share, and the promoter transfer price was Rs. 342.65 per share.     

January 3, 2023
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