SpiceJet’s Ajay Singh set to take control of NDTV
I think news is true. IE has a story: According to the source, Ajay Singh, chairman and managing director for SpiceJet, will have controlling stake in NDTV of around 40 per cent and the promoters Prannoy Roy and Radhika Roy will hold around 20 per cent in the company.
New Delhi Television (NDTV) is locked in upper circuit of 5% at Rs 53.10 on the Bombay Stock Exchange (BSE) in otherwise weak market, after media reports suggested that the SpiceJet’s co-founder Ajay Singh has picked up majority holding in the news channel. NDTV hits 5% upper circuit on talk of buyout by SpiceJets Ajay Singh
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