Now with Adani group looking to shop for stake in NDTV which is critical of BJP, will NDTV also start showing BJP positive news?
There is buzz within the MEDIA market that Adani Group would buyout NDTV. Adani Group recently appointed veteran journalist Sanjay Pugalia because the CEO and editor in chief to steer the media initiatives of the group. Pugalia was more recently the president at Quint Digital Media. However, NDTV clarified that its founder-promoters of NDTV, Radhika and Prannoy Roy, who are both journalists, aren't in discussions now, nor are, with any entity for any change in ownership or a divestment of their stake in NDTV. They individually and thru their company, RRPR Holding, still hold 61.45% of the overall paid-up share capital of NDTV.
NDTV is on sound financial ground. On a consolidated basis, profits of NDTV rose 132.08% to Rs 15.99 crore on 16.90% rise in income to Rs 85.02 crore in Q1 June 2021 over Q1 June 2020. So I don't see any chance of it succumbing to an takeover bid. and also the promoters are having a secured holding of majority share. With almost 62% share holding the promoters are in impregnable situation for any surprise. take over isn't possible unless the promoters surrender will fully or compelled to try and do so through another means. within the past one month, the NDTV stock has risen 8.51% as against 5.71% rise within the Sensex. it's jumped 130.54% within the past one year compared with 50.57% surge within the Sensex. national capital Television (NDTV) hit an upper circuit limit of 10% at Rs 79.65 amid media reports that Adani Group may acquire the media company.
For a bunch like Adani it might not be any major issue financially to require over NDTV if they get an open market opportunity. The group is additionally capable of striking any cope with the support from the ruling party. Adanis must be having some big plan as regards it media operation, otherwise it'd not have appointed Sanjay Pugalia because the CEO and editor in chief for its media initiative. So something must be cooking. I feel quite the Adanis it's BJP who would have an interest that the ownership of NDTV changes and it goes to at least one of its friends. NDTV has been a pain for BJP over the years. So i will be able to not be surprised if the Adanis are assigned the task to takeover NDTV.
Fall of NDTV would mean that the complete TV media would be in restraint of the ruling party and that we will have only GODI media left within the nation. So, if things get in favour of Adani as per the market buzz we'll have entire TV media singing in praise of Modi in the course of the day. it'll be significant achievement for BJP before 2024 election.
