Adani offer gets NDTV’s committee of directors’ nod

The Committee of Independent Directors (IDC) of New Delhi Television (NDTV) is of the opinion that the open offer price made by Adani Group to acquire a 26% stake in the media firm is “fair and reasonable”.

The IDC also stated that the following the announcement, the share prices of NDTV has been constantly trading “significantly” higher than the open offer price. The shareholders of the media firm should “independently evaluate the open offer and market performance and take informed decisions”, according to the committee.