NDTV dips after stake sale by Oswal Greentech

The stock dipped 5% to Rs 87 on the BSE, after rallied 14% on Monday.

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
SI Reporter Mumbai
Last Updated : Aug 30 2016 | 1:57 PM IST
New Delhi Television Limited (NDTV) has dipped 5% to Rs 87 on the BSE on profit booking after Oswal Greentech on Monday, sold part of its stake in broadcasting company through open market.

LTS Investment Fund, a foreign institutional investor, on August 29, bought 6.29 million equity shares or 9.75% in NDTV from Oswal Greentech at Rs 81 per share aggregating to Rs 50.9 crore, as per the bulk deal data on the BSE. LINK

Oswal Greentech, engaged in the business of chemicals, fertilisers and entertainment, held 14.17% stake in NDTV as of June 30, 2016.

On Monday, the stock rallied 14% to Rs 91.65 on the BSE.

Till 01:49 pm, a combined 400,500 shares changed hands on the counter on the BSE and NSE.

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First Published: Aug 30 2016 | 1:51 PM IST

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