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NDTV Plans To Launch 9 News Channels, Seeks I&B Ministry Nod


Business

oi-Renu Baliyan

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The board of directors of New Delhi Television Limited held a meeting on May 17 to seek permission of ministry of information & broadcasting for launch of 9 news channels in different Indian languages. Meanwhile, shares of NDTV witnessed a dip of 1.68% intraday on BSE to end at 172.85 apiece as of May 17, 2023. Check details below:

NDTV Board Seeks I&B Ministry Nod To Launch 9 News Channels: According to the regulatory filing of the company, “The Board of Directors of New Delhi Television Limited (“the Company”) at its meeting held today i.e. May 17, 2023, has approved a proposal to seek the permission of Ministry of Information & Broadcasting for launch of nine (9) news channels in different Indian languages in phases.

NDTV Plans To Launch 9 News Channels, Seeks I&B Ministry Nod

The Company shall duly intimate the stock exchanges on the launch date of the said channels post receipt of approval from the Ministry of Information & Broadcasting, added the exchange filing of NDTV.

NDTV Stock Performance & Return: Last trading price of NDTV on BSE is Rs 172.85. The stock’s 52-week high price is Rs 567.85 apiece and 52-week low price is Rs 149.60 apiece, respectively. The company has a market capitalisation of Rs 1,114.39 crore.

Shares of NDTV witnessed a dip of 20% in last 3-months, 59% in last 6-months, and fell a little less than 1% in last 1-year. In last 2-years, shares gave return of 168%.


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