Main bourses BSE and NSE on Friday stated that NDTV, an Adani Group firm, will transfer out of the ASM framework from Could 22.
On March 17, each the bourses moved NDTV from the second to the primary stage of the long-term Extra Surveillance Measure (ASM) framework.
The inventory is to be excluded from the ASM framework efficient Could 22, based on two separate circulars accessible on the BSE and NSE web sites.
On March 10, each exchanges put three Adani Group shares, Adani Complete Fuel, Adani Transmission and Adani Inexperienced Power from the ASM framework.
In two separate circulars, the bourses stated these securities will proceed within the framework however shall be moved from respective decrease stage ASM from March 27.
Media agency New Delhi Tv Ltd (NDTV) reported 97.5 per cent decline in internet revenue (attributable to homeowners) at ₹59 lakhs for the quarter that ended March 2023. That is in opposition to a consolidated internet revenue of ₹24.16 crore within the corresponding quarter final fiscal.
Its consolidated income from operations declined by 35.5 per cent to ₹66.96 crore through the quarter underneath evaluation in comparison with ₹103.8 crore a yr in the past.
On December 30, 2022, AMG Media Networks Ltd (AMNL), by its oblique subsidiary RRPR Holding Non-public Restricted has acquired 27.26% stake in NDTV, leading to a controlling stake of 64.71% in NDTV by AMNL by its subsidiaries.
The corporate’s scrip ended 3.53 per cent up at ₹177.60 at BSE.
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Supply: Live Mint