NDTV breached the 5% UC the moment it opened for trading at Rs.53.10.

This is a reaction to unconfirmed news that CMD of Spicejet, Ajay Singh is taking control at NDTV. The rumour is that he will take a controlling 40% stake while founders, Prannoy Roy and Radhika Roy will hold around 20% in the company.

The deal is said to have been struck at Rs.600 crore of which a part of the cash, Rs.100 crore will go to the Roys’.

The news is that Singh is also picking up NDTV’s debt of more than Rs.400 crore.

As at 30th June 2017, promoters held 61.45% stake.

The exchanges have sought clarification on the news and NDTV is yet to reply back.