NDTV hits 5% upper circuit as Adani Group picks significant stake

New Delhi: Shares of New Delhi Television NSE 4.99 % (NDTV NSE 4.99 %) hit the 5 per cent upper circuit to scale a new 52-week high on Wednesday as Adani Group picked more than 29 per cent stake in the company.

The acquisition of a 29.18 per cent stake will be indirect, as it will be made through Vishva Pradhan Commercial (VCPL), a wholly-owned subsidiary of AMG Media Network (AMNL), which is owned by Adani Enterprises NSE 0.50 % (AEL).