New Delhi Television (NDTV) has announced the launch of a rights issue aimed at raising Rs 396.5 crore from eligible shareholders. The media company's strategic move is designed to fuel its expansion plans and strengthen its financial position.

Rights Issue Details

Utilization of Funds

NDTV has outlined several key areas for utilizing the funds raised through this rights issue:

1. Expanding distribution channels both domestically and internationally
2. Brand-building initiatives
3. Developing new intellectual properties
4. Reducing existing debt
5. General corporate purposes

Management's Perspective

CEO Rahul Kanwal expressed optimism about the rights issue, stating that it will "strengthen NDTV for its next growth phase and help explore new digital opportunities." This indicates the company's focus on adapting to the evolving media landscape and capitalizing on digital trends.

Corporate Structure

NDTV now operates as a division of AMG Media Networks Ltd., which is a wholly owned subsidiary of Adani Enterprises Ltd. This structure places NDTV within the larger Adani Group ecosystem.

Market Response

Following the announcement of the rights issue, NDTV's stock experienced a slight dip, trading 0.80% lower at Rs 125.65. This minor fluctuation suggests that the market is still assessing the potential impact of this capital-raising initiative on the company's future performance.

The rights issue represents a significant move for NDTV as it seeks to bolster its financial position and invest in growth opportunities. Shareholders will have until October 8, 2025, to participate in this offering, which could play a crucial role in shaping the media company's trajectory in the coming years.

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.