NDTV gains on getting nod for restructuring, private placement in NDTV Convergence

NDTV is currently trading at Rs. 69.05, up by 0.30 points or 0.44% from its previous closing of Rs. 68.75 on the BSE. The scrip opened at Rs. 68.05 and has touched a high and low of Rs. 69.40 and Rs. 68.00 respectively. So far 9290 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 100.90 on 11-May-2013 and a 52 week low of Rs. 67.55 on 14-Feb-2014. Last one week high and low of the scrip stood at Rs. 79.50 and Rs. 68.00 respectively. The current market cap of the company is Rs. 443.88 crore. The promoters holding in the company stood at 61.45% while Institutions and Non-Institutions held 6.03% and 32.52% respectively. New Delhi Television (NDTV) has been mandated to explore means of unlocking sum of parts shareholder value through various methods including restructuring or private placement in NDTV Convergence and / or other subsidiaries. The board of directors at its meeting held on May 08, 2014 has mandated the management for the same. NDTV operates as a television media company in India and internationally. Its channels offer news and current affairs, lifestyle, entertainment, and youth programs, as well as family and realty shows, chat shows, and period dramas.