The stock rallied to a high of Rs 107 and finally settled at Rs 102, up 6%. Around 281,833 shares were traded on the BSE today as against the two-week daily average traded volumes of 90,912 shares.
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(Updated at 1246 hrs)
IBN 18 has soared 4% after the company acquired a further stake of 15.47% in its group entity Viacom 18 Media on Tuesday.
The stock today opened at Rs 99. It, however, slipped to a low of Rs 97 and touched a high of Rs 100.45.
The scrip is now trading at Rs 100, up 4%. The counter has witnessed trades of 34,676 shares on the BSE so far.
IBN 18 bought 15.47% share for Rs 151.14 crore which includes Rs 29.64 crore as option premium. Following this acquisition, IBN 18 has become a 50% shareholder in leading channels such as Colors, MTV, Nick and Vh1.