|
Presently, NDTV promoters Prannoy and Radhika Roy hold about 27.39
per cent equity stake each in the company, as per information available
on the Bombay Stock Exchange (BSE).
Even after the transfer of shares to Tara, the total foreign holding
in NDTV will remain well within the foreign investment cap of 26
per cent as required by government regulation for news channels
and companies managing such ventures.
The transfer of shares to Tara has been proposed as a gift, according
to government sources. Ideally, such transfers should not have attracted
a government nod, but because of the beneficiary's NRI status, the
transaction is being put through the FIPB.
According to market analysts, there is no argument that NDTV is
a top player in the news space. A recent report on the company's
performance put out by an analyst firm state that NDTV has a No.
1 or No. 2 position in terms of ratings of its channels and as a
company has displayed strong growth by showing profits within 15
months of beginning operations.
NDTV scrip closed the day on the Bombay Stock Exchange at Rs 188,
having opened at a high of Rs 191.
Recently, the company sought permission from the information and
broadcasting ministry to uplink another news channel from India,
which would bring the total number of channels from the company
stable to four. The present channels managed by the company are
NDTV 24x7, NDTV India and business channel NDTV Profit.
Also Read:
NDTV toys with regional variant
|