NDTV Plans To Launch 9 News Channels, Seeks I&B Ministry Nod

The board of directors of New Delhi Television Limited held a meeting on May 17 to seek permission of ministry of information & broadcasting for launch of 9 news channels in different Indian languages. Meanwhile, shares of NDTV witnessed a dip of 1.68% intraday on BSE to end at 172.85 apiece as of May 17, 2023. Check details below:

NDTV Board Seeks I&B Ministry Nod To Launch 9 News Channels: According to the regulatory filing of the company, "The Board of Directors of New Delhi Television Limited ("the Company") at its meeting held today i.e. May 17, 2023, has approved a proposal to seek the permission of Ministry of Information & Broadcasting for launch of nine (9) news channels in different Indian languages in phases.

The Company shall duly intimate the stock exchanges on the launch date of the said channels post receipt of approval from the Ministry of Information & Broadcasting, added the exchange filing of NDTV.

NDTV Stock Performance & Return: Last trading price of NDTV on BSE is Rs 172.85. The stock's 52-week high price is Rs 567.85 apiece and 52-week low price is Rs 149.60 apiece, respectively. The company has a market capitalisation of Rs 1,114.39 crore.

Shares of NDTV witnessed a dip of 20% in last 3-months, 59% in last 6-months, and fell a little less than 1% in last 1-year. In last 2-years, shares gave return of 168%.