New Delhi Television (NDTV) , one of India's leading news broadcasters, has announced a rights issue to raise up to ₹3,964.98 million. The company will offer up to 48,353,450 fully paid-up equity shares at an issue price of ₹82.00 per share, including a premium of ₹78.00 per share.

Rights Issue Details

The rights entitlement ratio has been set at 3 equity shares for every 4 equity shares held by eligible shareholders as of the record date, September 12, 2025. The issue will open on September 22, 2025, and close on October 8, 2025.

Use of Proceeds

NDTV plans to utilize the net proceeds from the rights issue for:

1. Investment in strategic initiatives, including distribution and market expansion, marketing and brand building, and creation and development of intellectual properties.
2. Repayment or pre-payment of certain outstanding borrowings.
3. General corporate purposes.

Promoter Participation

The company's promoters have confirmed their intention to subscribe to their full rights entitlement. They have also expressed willingness to subscribe to any unsubscribed portion of the issue, subject to compliance with minimum public shareholding norms.

Recent Developments

Alongside the rights issue announcement, NDTV disclosed that it has recently launched several regional channels, including NDTV Madhya Pradesh & Chhattisgarh, NDTV Rajasthan, and NDTV Marathi. The company has also re-launched its business channel, NDTV Profit, in December 2023.

Financial Performance

For the quarter ended June 30, 2025, NDTV reported:

NDTV's Chief Executive Officer, Rahul Kanwal, stated, "This rights issue is a strategic step to strengthen our financial position and support our growth initiatives. We are committed to enhancing our content offerings and expanding our reach across India."

The rights issue is subject to regulatory approvals and market conditions. Shareholders are advised to review the detailed terms and conditions in the Letter of Offer before making any investment decisions.

New Delhi Television (NDTV) , a prominent Indian media company, has announced a significant rights issue to raise up to ₹396.50 crore. The company's Board of Directors approved the issuance of fully paid-up equity shares, marking a strategic move to strengthen its financial position.

Rights Issue Details

The rights issue, approved by NDTV's Board, offers existing shareholders the opportunity to purchase additional shares at a preferential rate. Key details of the rights issue include:

• Issue Size: 4,83,53,450 Rights Equity Shares
• Face Value: ₹4.00 per share
• Issue Price: ₹82.00 per Rights Equity Share (including a premium of ₹78.00 per share)
• Rights Entitlement Ratio: 3 new shares for every 4 shares held
• Record Date: September 12

Timeline and Process

The rights issue is set to follow a structured timeline:

• Credit of Rights Entitlements: September 16
• Issue Opening Date: September 22
• Last Date for On-Market Renunciation: October 3
• Issue Closing Date: October 8

Shareholders are advised to complete off-market transfers of Rights Entitlements before the Issue Closing Date.

Impact on Share Capital

The rights issue will significantly impact NDTV's share capital structure:

*Post-Issue figure assumes full subscription

Fractional Entitlements

For shareholders with holdings not in multiples of 4, fractional entitlements will be ignored in Rights Entitlement calculations. However, these shareholders will receive preferential consideration for allotment of one additional share if they apply for extra shares beyond their entitlement.

Strategic Implications

This rights issue represents a significant move for NDTV, potentially providing the company with additional capital for growth initiatives, debt reduction, or operational improvements. The successful completion of this rights issue could strengthen NDTV's financial position in the competitive media landscape.

Investors and market watchers will be closely monitoring the uptake of this rights issue, as it could indicate shareholder confidence in NDTV's future prospects and strategic direction.

As the media industry continues to evolve rapidly, NDTV's decision to raise capital through this rights issue may be seen as a proactive step to ensure it remains well-positioned in the market.

Shareholders and potential investors are advised to review the detailed terms and conditions in the Letter of Offer, which will be filed with the Securities and Exchange Board of India, BSE Limited, and National Stock Exchange of India Limited.