Shares of TV18 Broadcast (TV18) and Network18 Media & & Investments (Network18) rallied as a lot as 13 % on the BSE in Thursday’s intraday occupation after Reliance Industries’ (RIL’s) enjoyment arm Viacom18 and Walt Disney Co’s Indian media arm on Wednesday bought opponents guard canine Competition Commission of India (CCI)’s authorization for his or her $8.5 billion merging.
Shares of Network18 rose 10 % to Rs 106.01 in the course of hefty portions. At 10:00 AM, the availability was buying and selling 7 % larger at Rs 102.53 as contrasted to 0.22 % achieve within the BSESensex Average buying and selling amount on the counter leapt over four-fold with a just about 17 million shares having really altered arms on the NSE and BSE with one another. The provide had really struck a 52-week excessive of Rs 136.20 on January 19, 2024.
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