'Unproven rumours': NDTV releases statement amid excitement over Adani takeover and rising share price

Pic Credit: NDTV

Pic Credit: NDTV

After rumors surfaced on social media about the acquisition of NDTV by the Adani Group, the news agency released a statement today clarifying that there are no discussions about a change of ownership.

"NDTV Limited is not in discussions now, nor has been, with any entity for a change in ownership or a divestment of any sort," NDTV said in a statement  "Founder-promoters, Radhika and Prannoy Roy, who are both journalists, own 61.45 percent of the company and remain in control of it."

NDTV promotions respect the upper limit of 10% After-What-The-Company Rumors by the Adani Group circulated this weekend. Senior Journalist Sanjay Pugalia is a recognized CEO Editor and Editor-in-Chief of Adani Group Media Initiatives. You will have the opportunity to read for yourself the speculations that Adani has made on the acquisition of a press house in Delhi, Presumably NDTV.

In its statement, NDTV claimed that it "has no information on why there is a sudden surge in the stock price".

Regarding the “news reports” on the same, it said: “NDTV cannot control unsubstantiated rumors, nor does it participate in baseless speculation.”

The statement concluded that the company "is known for exemplary corporate governance and continues to abide by all legal and regulatory requirements for disclosure".

Sources:- newslaundry



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