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Adani group's open offer to acquire an additional 26 per cent stake in New Delhi Television (NDTV) begins on Tuesday.
The offer, for 16.7 million shares at Rs 294 apiece, will close on December 5. The size of the open offer is nearly Rs 493 crore.
On Monday, shares of NDTV closed trade at Rs 382.20 apiece on the BSE. This is at a 30 per cent premium to the open offer price.
The timeline of the open offer was revised after the initial date of October 17 to November 1 expired for want of an approval from the Securities
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