However, it could not be ascertained how much ICICI Bank has paid for the stake. The Standard Chartered deal, which is similar in terms of the number of shares issued (3,428,387 shares), will make NDTV richer by around Rs 53 crore. Standard Chartered is buying the shares at a premium of around Rs 144 per share of Rs 10 each.
When contacted, NDTV President Prannoy Roy said he was not aware of any new investment.
The issue of shares to ICICI Bank will help NDTV to keep the foreign-holding component within the cap of 26 per cent after Standard Chartered picks up a stake.
If ICICI Bank had not been issued the shares, foreign holding in the company, along with Standard Chartered
