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Shares of TV18 Broadcast (TV18) and Network18 Media & & Investments (Network18) rallied as much as 13 percent on the BSE in Thursday’s intraday profession after Reliance Industries’ (RIL’s) enjoyment arm Viacom18 and Walt Disney Co’s Indian media arm on Wednesday got competitors guard dog Competition Commission of India (CCI)’s authorization for their $8.5 billion merging.
Shares of Network18 rose 10 percent to Rs 106.01 in the middle of hefty quantities. At 10:00 AM, the supply was trading 7 percent greater at Rs 102.53 as contrasted to 0.22 percent gain in the BSESensex Average trading quantity on the counter leapt over four-fold with a virtually 17 million shares having actually altered hands on the NSE and BSE with each other. The supply had actually struck a 52-week high of Rs 136.20 on January 19, 2024.
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Disclaimer: Network18 and TV18– the firms that run news18.com– are managed by Independent Media Trust, of which Reliance Industries is the single recipient.
