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NDTV denies Adani Group 'eyeing stakes' again

15-October-2014
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NDTV denies Adani Group 'eyeing stakes' again

On August 25th NDTV Group released an official statement saying, “All and any reports of the Adani Group looking to acquire a stake in NDTV Ltd. are utterly false and entirely baseless. We request all media houses and publications to refrain from publishing any such motivated rumours.”

In a latest development, Bombay Stock Exchange sought a clarification from NDTV with respect to a report titled, "NDTV Shares Soar on Buzz Adani Group's Eyeing Stake" that appeared in The Economic Times on October 14, 2014.

NDTV replied to BSE by saying, "At the outset, we hereby affirm that the Company is in and shall continue to maintain full compliance with Clause 36 of the Listing Agreement.

Further, please note that all and any reports of the Adani Group looking to acquire a stake in New Delhi Television Limited are utterly false and entirely baseless. In fact, the ET had raised a similar query on August 25, 2014 which was categorically denied by NDTV. Despite this they have chosen to carry the same story with the same speculative and untrue news about the Company.

Lastly, we are not aware of any other information not disclosed to the stock exchanges which could explain the speculative movement in the trading of the shares of the Company as noted in the said article."
 

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