New Delhi Television Limited — JV/Acquisition, 25-04-2025: Acquisition

New Delhi Television Limited has executed a share purchase agreement to acquire 3,067 equity shares of NDTV Convergence Limited, representing a 4.60% stake, from the NDTV Group Employees Trust at a price of Rs. 31,596 per share. The acquisition, projected to be completed by May 31, 2025, aims to simplify NDTV's governance structure and strengthen its media operations, which generated a turnover of Rs. 2328.55 million as of March 2025. This transaction reaffirms NDTV's control over NCL, enhancing overall strategic alignment and operational efficiency for shareholders.