News about New Delhi Television Limited
January 10th, 2008
The media had reports that New Delhi Television Limited is in talks with NBC Universal to sell between 25 and 30 percent in its UK based subsidiary NDTV Networks Plc.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
New Delhi Television Limited has vide its letter inter-alia stated,”The Company is at any given point in time involved in talks as part of a constant exploration of possible alliances with prospective partners. The Company does not have any existing contract with any person in respect of the subject matter of the news report referred to in the media.”
Entry Filed under: Equities, Media, Entertainment & Advertisement Sector, NSE
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