NDTV rallies 5% after founders sell stake to Adani Group

Shares of New Delhi Television NSE 0.33 % (NDTV NSE 0.33 %) rose 4.99% in intra-day trade on Monday, after founders Prannoy Roy and Radhika Roy, in a BSE filing, said they would sell their stake to the Adani Group.

Radhika and Prannoy Roy would sell a 27.26% stake in the media company to Adani, giving the conglomerate control over 64.71% of NDTV, regulatory filings by NDTV showed.