NDTV promoters may not challenge Adani group's open offer in court

The promoters of New Delhi Television (NDTV) — Radhika Roy and Prannoy Roy (RRPR) — may not mount a legal challenge against the open offer of Adani Group for additional shares in the company, informed sources.

They will instead monitor the response to the open offer, whose price has been pegged at Rs 294 per share.

On Tuesday, NDTV shares closed trade on the BSE at Rs 384.10 apiece, after hitting the 5-per cent upper circuit during the day. The market price, following Tuesday’s closing, is at a nearly 31 per cent premium to the open offer price, which, according