This stock surges 20% even as Sensex tanks 273 points
Regulator Sebi on Tuesday ordered a little-known entity, Vishvapradhan Commercial, to make an open offer for NDTV for indirectly acquiring control of up to 52 per cent stake through a convertible loan of Rs 350 crore in 2009 'sourced' from a subsidiary of Reliance Industries.
NDTV share price surged 20 per cent to hit its upper circuit limit. Image source: Reuters