NDTV clarifies on ownership

The Exchange had sought clarification from New Delhi Television Ltd with respect to news article appearing on Moneylife website on June 9, 2015 titled "Who Really Owns NDTV".

New Delhi Television Ltd has replied stating that "We have examined the factual position and would like to inform you that that there has been no change (actual or effective) in the control / ownership of NDTV.

The Promoters, i.e. Dr. Prannoy Roy, Mrs. Radhika Roy and RRPR Private Limited ("RRPR"), continue to hold the majority shareholding of NDTV which amounts to 61.45% of the total shareholding of NDTV. There has been no change in the above shareholding since August 2008. Further, Dr. Prannoy Roy and Mrs. Radhika Roy continue to hold the entire shareholding of RRPR since its incorporation.

Further, there has been no change in the exercise of voting rights by the Promoters with respect to their shareholding in NDTV. According to the records of NDTV, the voting rights in connection with the shares have throughout been exercised by the Promoters in the case of Dr. Prannoy Roy, Mrs. Radhika Roy and RRPR.

Therefore, NDTV would like to clarify that the allegations raised in the article with respect to a change in the control/ ownership of NDTV are entirely without any merit. NDTV is mindful of its obligations under Clause 36 of the Listing Agreement and shall promptly intimate you of any event required of in terms of the Listing Agreement."

Shares of NEW DELHI TELEVISION LTD. was last trading in BSE at Rs.99 as compared to the previous close of Rs. 99.9. The total number of shares traded during the day was 73925 in over 1174 trades.

The stock hit an intraday high of Rs. 102.9 and intraday low of 95.4. The net turnover during the day was Rs. 7350759.

Source : Equity Bulls

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