Key Highlights
- NDTV successfully closed its Rights Issue, raising ₹396.49 crore.
- The issue was oversubscribed 1.11 times, receiving bids for 5.36 crore shares against 4.83 crore shares offered.
- Post allotment, NDTV’s equity share capital rose from 6.45 crore to 11.28 crore shares.
- Promoters’ shareholding increased to 69.02%, while public shareholding stands at 30.98%.
- Funds will be used to expand distribution, reduce debt, and boost NDTV’s digital-first strategy.
New Delhi Television Limited (NDTV), a leading Indian news broadcaster and digital media company, has successfully concluded its Rights Issue, raising ₹396.49 crore. The issue garnered applications for 5.36 crore shares against 4.83 crore shares on offer, resulting in an oversubscription of 1.11 times.
Following the allotment, NDTV’s total equity share capital has increased from 6.45 crore shares to 11.28 crore shares. The promoter group’s shareholding has risen from 64.71% to 69.02%, while public shareholding now stands at 30.98%.
According to the company, proceeds from the Rights Issue will be deployed to strengthen NDTV’s distribution footprint in India and internationally, invest in brand-building, reduce debt, and fund new intellectual properties and general corporate purposes. This capital infusion is expected to enhance the company’s financial flexibility and accelerate its digital-first growth strategy.
Commenting on the development, Rahul Kanwal, CEO & Editor-in-Chief of NDTV, said, “The oversubscription of our Rights Issue reflects the trust and confidence of our shareholders in NDTV’s vision. With the Promoters deepening their stake, NDTV is well-positioned to strengthen its platforms, broaden its reach, and continue delivering credible, impactful journalism.”
SBI Capital Markets Limited served as the Advisor to the issue, Cyril Amarchand Mangaldas acted as Legal Counsel, and Kfin Technologies Limited was the Registrar.
NDTV operates as part of AMG Media Networks Limited, a wholly owned subsidiary of Adani Enterprises Limited. Established in 1988, NDTV is engaged in news broadcasting and digital journalism, managing television channels and digital platforms with presence in India and overseas. The network and its journalists have been recognized with multiple national and international awards for excellence in journalism.