![]() “This means that the status quo will remain for now, with the NDTV promoters Prannoy and Radhika Roy directly holding 32.26 per cent, and the Adani group holding 29.18 per cent. So far, the Adani group has not revised the open offer price, nor have the NDTV promoters presented a counter offer,” said Shriram Subramanian, managing director, InGovern. “Given the response on day one, it is unlikely that the open offer will sail through at this price. But the trading price, based on Tuesday’s close, still remains higher than the open offer price by nearly 28 per cent, the data showed. ![]() Since Thursday, NDTV's stock price has fallen 11.17 per cent on the BSE. On Tuesday, shares of NDTV closed at Rs 376.25 apiece on the BSE, down 1.56 per cent over the previous day’s close. The stock exchange data showed that no shares were tendered so far in the open offer, even as the NDTV stock price fell for the third day in a row. The nearly Rs 493-crore open offer is for an additional 26 per cent stake in the company. The open offer for 16.7 million shares at Rs 294 apiece will close on December 5. The Adani group’s open offer for additional shares in New Delhi Television (NDTV) saw no takers on Tuesday - the first day of its launch.
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