New Delhi Televisions (NDTV) has gained this morning on reports that Tamil daily, Dina Thanthi, is one of the prospective buyers for the struggling television channel.
New Delhi Television Ltd has a 51% stake in NDTV-Hindu with the remaining 49% with Kasturi and Sons, publisher of The Hindu and The Hindu Business Line. The other prospective buyers have not been revealed.
The stock surged 5.4% this morning to a high of Rs 56.70. However, it has pared some gains and is now up 1% at Rs 54.35. Around 30,644 shares have been traded on the BSE so far as against a two-week trading average of 40,000 shares.