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NDTV considering sale of assets

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MUMBAI: NDTV is considering sale of assets, according to a BSE filing signed by Navneet Raghuvanshi on behalf of New Delhi Television Limited.

NDTV, based out of 207, Okhla Ph-III, New Delhi, on 17 April wrote to the the Secretary, BSE Limited in Mumbai, and the asst. vice president, of the Listing Department of the National Stock Exchange of India, in Mumbai that as per the Company’s Code of Conduct for Prevention of Insider Trading, the trading window for dealing in the securities of the Company will remain closed from 17 April till the conclusion of 48 hours from the date of Board meeting of the Company that is being convened to consider, inter alia, potential sale of certain strategic assets by certain material subsidiary(ies) of the Company.

In BARC India's recent ratings report, NDTV 24x7 grabbed the third place with 328 Impressions (000s). In the English Business News genre, NDTV Profit and NDTV Prime were at the third position with 76 Impressions (000s).

In a separate case, the central government had told the Supreme Court that NDTV India has not apologised but only sent a note over the alleged violation of telecast norms during the Pathankot attack, which is not acceptable. New Delhi Television Ltd earlier told apex court that it will not tender an apology for the coverage on 2 January 2016. On 3 November, 2016, the ministry of information & broadcasting (MIB) asked NDTV India to go off-air for a day for revealing sensitive details on the Pathankot attack.

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