New Delhi: Amid speculations in the market that the Adani Group is eyeing NDTV, seasoned investor Dolly Khanna has bought a fresh stake in the media stock.
As per the latest shareholding on Trendlyne, Khanna held 7,05,569 equity shares or 1.09 per cent stake in the company, as of September 30, 2021. The Chennai-based investor’s stake in the company is worth Rs 5.6 crore.
Her name was missing from the list of key shareholders earlier. Companies are obliged to release the name of shareholders holding one per cent or more stake in the company.
Earlier, there were speculations in the market that Gautam Adani-led Adani Group may acquire NDTV. However, NDTV promoters have shunned the rumours.
Founders and promoters of the company, Radhika and Prannoy Roy, who are both journalists, are not in discussions now, nor have been, with any entity for a change in ownership or a divestment of their stake, NDTV said in a statement.
Adani Enterprises had recently inducted veteran journalist Sanjay Pugalia as the CEO and editor-in-chief to lead the group’s media initiatives.
Following the buzz, shares of NDTV hit a 52-week high of Rs 106.20 on September 24 but have lost 25 per cent from the peak to trade at Rs 79.6 on Wednesday. Despite the recent fall, the scrip has more than doubled investors’ wealth in 2021 so far.
Apart from a new entry in NDTV, Dolly Khanna has marginally upped her stake in at least five companies, including Nitin Spinners, Rama Phosphates, RSWM, NCL Industries and Rain Industries, whereas she kept holding in Polyplex Corporation unchanged.
The marquee investor has exited Shemaroo Entertainment and trimmed her stake in scrips like Aries Agro, KCP, Nucleus Software Exports, Mangalore Chemicals & Fertilizers, Butterfly Gandhimathi, Talbros Automotive and Deepak Spinners.
As per the latest corporate shareholdings filed, Dolly Khanna publicly holds at least 15 stocks with a net worth of over Rs 355.4 crore.Internet Explorer Channel Network