News Broadcasting
Merrill Lynch, Nomura Mauritius pick up 14.2% in NDTV for Rs 700 mn
MUMBAI: Merrill Lynch and Nomura Mauritius have picked up 7.92 and 6.25 per cent stake respectively in the news broadcaster NDTV, paving the way for private equity firm DE Shaw to consolidate its holdings through these two transactions to 14.2 per cent for Rs 700 million.
The two investment firms have picked up the shares on behalf of DE Shaw from the open market on NSE and BSE, according to market sources.
Merrill Lynch picked up 5.1 million shares of NDTV from Goldman Sachs, which offloaded its entire stake for Rs 76.55 per share. Merrill Lynch has shelled our Rs 390.9 million for the transaction.
Nomura Mauritius, on the other hand, has bought the shares from GS Mace Holdings, which exited NDTV by selling its 4 million shares for a total of 308.5 million.
When contacted, NDTV Group CEO KVL Narayan Rao said he is not aware of DE Shaw taking stake in NDTV. “You can‘t expect us to comment on any transaction that is made in the open market where we are not involved,” Rao added.
NDTV operates three news channels NDTV 24X7, NDTV India and NDTV Profit. It also runs a lifestyle channel, NDTV Good Times.
News Broadcasting
CNN-News18 to host Fury in the Gulf conclave on West Asia crisis
Three-hour summit to unpack geopolitical fallout and impact on India
MUMBAI: CNN-News18 is set to host a special three-hour broadcast, Fury in the Gulf – War Conclave, on April 7, aiming to decode the escalating West Asia crisis and its far-reaching implications for India.
Scheduled from 4:00 PM to 7:00 PM, the conclave comes at a time when tensions between Iran and the United States are reshaping global geopolitics and triggering economic uncertainty. With India’s deep energy ties, trade links and large diaspora in the Gulf, the developments carry significant domestic relevance.
Built around the theme ‘Conflict, Consequences, and The Future,’ the programme will feature six curated sessions combining one-on-one interviews and panel discussions. The focus is to cut through the clutter and offer viewers a clearer understanding of the fast-evolving situation.
Key sessions include ‘Diplomacy in Times of War’ featuring Shashi Tharoor, and ‘World After the Iran Conflict’ with voices such as Ram Madhav, Reuven Azar, representatives from the European Union and the Iranian Deputy Envoy. Another session titled ‘Another Dunkirk?’ will bring together K. J. S. Dhillon and Jitin Prasada among others.
CNN-News18 editorial affairs director Rahul Shivshankar said, “In times of war, clarity becomes the most powerful tool. Fury in the Gulf – War Conclave brings together credible voices to address the questions and confusion that arise amid an overwhelming influx of information.”
He added that the initiative is aimed at delivering “facts, perspective, and insight” at a time when misinformation can easily cloud public understanding.
Echoing the sentiment, CNN-News18 CEO– English and business news Smriti Mehra said the conflict marks a defining global moment, with consequences that extend well beyond the region. She noted that the conclave seeks to present the crisis with “depth, nuance and responsibility” so audiences can better grasp its real-world impact.
As geopolitical tensions continue to dominate headlines, the conclave positions itself as an attempt to bring order to the noise, offering viewers a structured, insight-led look at a complex and rapidly shifting global situation.
