Retail investors to gain from Adani's takeover bid for NDTV: Analysts

At the bourses, NDTV has been one of the best performing stocks. In the past three months, the counter has gained nearly 140 per cent, as compared to 8 per cent rise in the S&P BSE Sensex

Retail shareholders/investors stand to gain the most in the short-to-medium term from Gautam Adani group’s takeover bid for Prannoy Roy and Radhika Roy-controlled New Delhi Television Ltd. (NDTV), said analysts.

The surprise element in the entire development, however, according to Ambareesh Baliga, an independent market analyst, was the deal structure. 

“Vishvapradhan Commercial Pvt Ltd (VCPL) – a subsidiary of Adani Media Ventures Ltd (AMVL) – was bought by them at Rs 114 crore when the value of the warrants was close