6.4% NDTV shares pledged

MUMBAI: New Delhi Television Ltd's (NDTV) promoters have pledged 6.39 per cent of their shares with Indiabulls Financial Services.

Indiabulls earlier held 8.10 per cent stake in NDTV.

In a separate development, GS Mace Holdings, Mauritius, has acquired 6.44 per cent stake, taking its total holding in NDTV to 14.6 per cent.

GS Mace Holdings, in concert with Goldman Sachs Investments, made the purchase of 4.03 million shares in the open market.

Earlier, NDTV promoters had sold 6.08 per cent stake in the company for Rs 1.7 billion. RRPR Holding (person acting in concert) brought down its holdings to 9.57 per cent after selling 3.8 million shares, or 6.08 per cent, in the open market.

NDTV promoters had acquired 20.28 per cent for Rs 5.57 billion to up their holding in the company to 71.38 per cent.

Dr Prannoy Roy and Radhika Roy and RRPR Holding acquired 12.69 million shares (20.28%) in an open offer at Rs 438.98 per share.

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