New Delhi Television (NDTV) has undergone significant changes in its shareholding structure following a rights issue. The move has resulted in shifts in the ownership percentages of its promoter entities, RRPR Holding Private Limited and Vishvapradhan Commercial Private Limited.

Key Developments

RRPR Holding's Stake Increase

RRPR Holding Private Limited, a promoter of NDTV, participated in the rights issue, resulting in an increase in its shareholding from 56.45% to 59.80%. This change came about through the acquisition of 3,10,81,525 shares, representing 3.35% of the company's total share capital.

Vishvapradhan Commercial's Ownership Growth

Simultaneously, Vishvapradhan Commercial Private Limited, another promoter entity, acquired 50,71,346 shares (0.90%) through the same rights issue. This acquisition elevated its total shareholding from 8.27% to 9.22%.

Expansion of NDTV's Equity Share Capital

As a result of the rights issue, NDTV's total equity share capital expanded significantly, growing from 6,44,71,267 shares to 11,28,24,717 shares.

Shareholding Changes in Detail

The following table illustrates the changes in shareholding for both promoter entities:

Impact and Implications

This rights issue and the subsequent changes in shareholding structure demonstrate the promoters' commitment to maintaining and strengthening their positions in NDTV. The increased stakes of both RRPR Holding and Vishvapradhan Commercial could potentially lead to greater control and influence over the company's strategic decisions.

For investors and market watchers, these developments highlight the importance of staying informed about corporate actions such as rights issues, which can significantly alter a company's ownership structure and potentially impact its future direction.

NDTV continues to be listed on both the BSE Ltd and the National Stock Exchange of India Limited, ensuring that these changes are subject to regulatory oversight and transparent disclosure to the public.

New Delhi Television (NDTV) , a prominent player in India's news broadcasting and digital journalism landscape, has successfully concluded its rights issue, raising ₹396.49 crore. The issue, which closed on October 11, saw an enthusiastic response from investors, with an oversubscription of 1.11 times.

Key Highlights of the Rights Issue

Utilization of Funds

NDTV plans to use the proceeds from the rights issue for several strategic initiatives:

1. Expanding distribution footprint in India and internationally
2. Investing in brand-building
3. Reducing debt
4. Funding new intellectual properties
5. General corporate purposes

Management's Perspective

Rahul Kanwal, CEO & Editor-in-Chief of NDTV, expressed optimism about the successful closure of the rights issue. He stated, "The oversubscription of our Rights Issue reflects the trust and confidence of our shareholders in NDTV's vision. With the Promoters also deepening their stake, NDTV is well-positioned to strengthen its platforms, broaden its reach, and continue delivering credible, impactful journalism."

Strategic Implications

The capital infusion is expected to provide NDTV with enhanced financial flexibility to accelerate its digital-first growth strategy. This move aligns with the company's focus on expanding both within India and globally while investing in innovation and digital transformation.

Corporate Structure and Background

NDTV operates as a division of AMG Media Networks Limited, a wholly owned subsidiary of Adani Enterprises Limited. Incorporated in 1988, the company has established itself in the news broadcasting and digital journalism sectors in India, operating television channels and digital platforms with distribution both domestically and internationally.

Professional Advisors

Several professional firms assisted NDTV in this rights issue:

• SBI Capital Markets Limited: Advisor
• Cyril Amarchand Mangaldas: Legal Counsel
• Kfin Technologies Limited: Registrar to the Issue

This successful rights issue marks a significant milestone for NDTV, potentially strengthening its position in the competitive media landscape and providing resources for future growth and expansion.