Cyril Amarchand Mangaldas Advises NDTV on ₹396 Crore Rights Issue

"NDTV, a leading news broadcasting and digital journalism entity in India, has announced a rights issue of 48,353,450 fully paid-up equity shares, totaling ₹396.498 crore. The law firm Cyril Amarchand Mangaldas provided legal advice for this transaction, led by partner Devaki Mankad. NDTV is now part of the Adani portfolio following a majority stake acquisition in 2022."

Cyril Amarchand Mangaldas acted as legal counsel for New Delhi Television Limited (NDTV) in a recent rights issue transaction. NDTV has successfully completed a rights issue of 48,353,450 fully paid-up equity shares, amounting to ₹396.498 crore. This move is part of NDTV's ongoing efforts to strengthen its financial position following its acquisition by the Adani Group in 2022. The transaction team from Cyril Amarchand Mangaldas was led by Devaki Mankad, who is a Partner and Regional Co-Head of Capital Markets for the West region. Supporting her were Jhalak Shah (Principal Associate), Akash Joshi (Senior Associate), and Associates Raksha Raina, Tanishq Mohta, Devansh Raheja, Archit Jain, and Akshat Sharma.

Cyril Amarchand Mangaldas Advises NDTV on ₹396 Crore Rights Issue

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