NDTV announces ₹3,964.98m rights issue to fund strategic growth and repay debt

NDTV announced a rights issue of up to 48,353,450 fully paid-up equity shares, each with a face value of ₹4. The issue price is set at ₹82.00 per share, including a premium of ₹78.00 per share, aiming to raise up to ₹3,964.98 million. Eligible shareholders as of the record date, September 12, 2025, can apply for three rights equity shares for every four existing shares held.

The issue proceeds will be primarily allocated to strategic initiatives including distribution and market expansion, marketing and brand building, and intellectual property development, amounting to ₹710.00 million. Additionally, ₹2,290.00 million is earmarked for the repayment of outstanding borrowings, including an inter-corporate deposit from Adani Enterprises Limited, with the remaining ₹943.08 million for general corporate purposes. The issue opens on September 22, 2025, and closes on October 8, 2025, with listing expected by October 13, 2025.