NDTV to sell 84 lacs stakes of Delta Softpro to Bathla Teletech for ₹30 crores

NDTV holds 84,78,958 equity shares in Delta Softpro and the Purchasers have agreed to purchase the said shares at the rate of ₹35.38/- (Rupees Thirty Five and Thirty Eight Paisa) per share. Accordingly, the Company will receive a consideration of ₹30,00,00,000/- on disposal of shares

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New Delhi Television Limited has executed a Share Purchase Agreement (dated April 22, 2022) with Bathla Teletech Private Limited and its affiliates (“the Purchasers”) for the sale of its entire stake in its wholly-owned subsidiary, Delta Softpro Private Limited (“Delta Softpro”), constituting 100% of the total share capital of Delta Softpro, for a consideration of ₹ 30,00,00,000/- (Rupees Thirty Crores Only).

The Company holds 84,78,958 equity shares in Delta Softpro and the Purchasers have agreed to purchase the said shares at the rate of ₹35.38/- (Rupees Thirty Five and Thirty Eight Paisa) per share. Accordingly, the Company will receive a consideration of ₹30,00,00,000/- (Rupees Thirty Cores) on disposal of shares.

The completion of the transaction shall be subject to fulfilment of conditions precedents in accordance with the terms agreed upon in the Share Purchase Agreement.

The net worth of Delta Softpro is ₹15.72 crore (attributing 5.5% of the net worth of the Company as on March 31, 2021)

Market Times

Shares of New Delhi Television Limited was last trading in BSE at ₹ 211.40 as compared to the previous close of ₹ 214.35. The total number of shares traded during the day was 12915 in over 740 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 219.80
  • Intraday low of ₹ 204.00