Carefully evaluate open offer: NDTV independent directors to shareholders

The independent directors of New Delhi Television (NDTV) have asked shareholders of the company to carefully evaluate Adani group’s upcoming open offer for an additional 26 per cent stake in the news broadcaster.

In a disclosure to the stock exchanges on Friday, the committee of independent directors, including Kaushik Dutta, Indrani Roy, and John O’Loan said that while the price for open offer was fair, the trading price of the company was significantly higher.

“The open offer price is in accordance with the Sebi SAST Regulations. On that basis, it appears to be fair and reasonable,” they said.