NDTV clarifies to BSE about sudden spurt in share price
In a letter to BSE secretary, the company maintained that it is not withholding any information, which may have a bearing on NDTV’s share price
NDTV has responded to Bombay Stock Exchange after it had questioned the company about a sudden increase in its share price. In a letter addressed to the BSE, NDTV company secretary Shiv Ram Singh clarified that the organisation has no knowledge about the reason behind the sudden spurt.
He also emphasised that the media company is not withholding any information, which could have a bearing on NDTV’s share price.
“We further confirm that the Company will continue to keep the stock exchange(s) duly informed of all the information/announcements required to be disclosed under applicable regulations, as and when required,” the letter states.
The BSE had sought clarification from NDTV on May 14, 2020, after there was a significant movement in the price of the security of the listed company. At the time of publishing, the share price for NDTV stood at 48.15 INR (BSE).
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