NDTV denies takeover by SpiceJet owner
September 22, 2017 14:48
NDTV has denied reports that Ajay Singh, the owner of SpiceJet, has picked up majority holdings in the news channel in a statement to the Bombay Stock Exchange.
It has been variously reported that Singh, who was part of the BJP's 2014 poll campaign, had picked up a majority stake in the news channel.
This is NDTV's clarification to the BSE:
"With reference to your letter seeking clarification on the news item appearing on www.moneycontrol.com, we wish to inform you that the promoters of the Company have not entered into any agreement for sale of their stake in the Company to any person.
"The Company is mindful of its obligations under Clause 30 of the Listing Regulations and shall promptly intimate you of any event required which is required to be disclosed under the said Regulations.
"We hope that the above clarifies the matter raised in your aforesaid letter. "
It has been variously reported that Singh, who was part of the BJP's 2014 poll campaign, had picked up a majority stake in the news channel.
This is NDTV's clarification to the BSE:
"With reference to your letter seeking clarification on the news item appearing on www.moneycontrol.com, we wish to inform you that the promoters of the Company have not entered into any agreement for sale of their stake in the Company to any person.
"The Company is mindful of its obligations under Clause 30 of the Listing Regulations and shall promptly intimate you of any event required which is required to be disclosed under the said Regulations.
"We hope that the above clarifies the matter raised in your aforesaid letter. "
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