Top Story


Home >> Media - TV >> Article

NDTV Ltd’s Roys buy back 7.73 pc stake from GA Global Investments for Rs 192 cr

Font Size   16
NDTV Ltd’s Roys buy back 7.73 pc stake from GA Global Investments for Rs 192 cr

The husband-wife duo of Prannoy and Radhika Roy, promoters of NDTV Ltd, has bought back 7.73 per cent stake from private equity firm General Atlantic (GA) Global Investments Ltd for Rs 192 crore. The 7.73 per cent stake comprises 4,835,850 equity shares.

Following the deal, the promoters have made an open offer to acquire a further 20 per cent stake from shareholders at Rs 438.98 a share, which is below the current market price of Rs 462. Acquiring 12,525,446 shares of the company would cost the promoters Rs 550 crore.

For the quarter ended September 30, the promoters held 53.27 per cent stake in the company. The promoters as of today have increased their stake in the company to 61 per cent.

The Roys had announced sometime in late 2005 their intent to transfer 15 per cent of their stake to their daughter Tara Roy, who is an NRI. The proposal was not approved by the RBI since the foreign holding in the company had reached the upper limit.

The purchase allows foreign institutional investors and NRIs to acquire that many shares more in NDTV till the ceiling of 26 per cent is reached.


Bhasin on the checks and balances of new IRS, methodology with new companies like Vedsur on board, interpreting the data and why it’s not fair to compare with previous data

Chitresh Sinha, CEO, Chlorophyll Innovation Lab and Vivek Singh, Joint MD, Procam International speak exclusively with exchange4media on the upcoming #BeBetter Campaign for the TATA Mumbai Marathon

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Duroflex and Happy mcgarrybowen launch #7HourMarathon campaign with Milind Soman to promote healthy sleeping practices

Punjab has witnessed highest growth, of more than 50% DTH penetration, followed by HP and J&K

IRS 2017 has been reinforced with design, methodology, quality, and questionnaire enhancements to ensure the highest integrity of the data.