NDTV shares hit 52-week low

Rajalakshmi S Updated - January 12, 2018 at 02:07 PM.

ndtv

Shares of NDTV slumped nearly 7 per cent today after the CBI searched the residence of its founder Prannoy Roy in New Delhi and three other locations for allegedly causing losses to a private bank.

The stock tanked 6.74 per cent to Rs 58.10 — its 52-week low — on BSE.

On the NSE, shares of the company dived 6.88 per cent to hit a one-year low of Rs 58.15.

The agency has registered a case against Roy, wife Radhika and RRPR Holdings for allegedly causing losses worth Rs 48 crore to ICICI Bank, CBI sources said.

NDTV has termed the exercise a “witch-hunt” based on false accusations.

“This morning, CBI stepped up the concerted harassment of NDTV and its promoters based on the same-old endless false accusations,” NDTV said in a statement.

It said NDTV and its promoters would fight tirelessly against this witch-hunt by multiple agencies.

Published on June 5, 2017 08:54