TV Today scrip up 15% on market buzz of Birla Group taking stake in promoter company

MUMBAI: TV Today Network shares Monday climbed 15.23 per cent on the market buzz that Aditya Birla Group is picking up 25 per cent stake in Living Media India (India Today Group), the Indian media conglomerate that holds interests in magazines, television, radio, printing and the Internet.

Shares of TV Today Network, which runs a clutch of news channels including Aaj Tak and Headlines Today, closed at Rs 68.10 on the BSE. could not verify the news. Senior officials of the company, including CEO Ashish Bagga, could not be reached.

LMI owns 57.1 per cent stake in TV Today Network, according to data available till 31 December 2011.

NDTV shares also got a lift, climbing 9.4 per cent to close at Rs 48.90.

The BSE Sensex shed 1.51 per cent, or 264 points to close Monday at 17,222.14 due to banks, metals and capital goods stocks.

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