New Delhi Television Limited (NDTV) has announced the successful completion of its Rights Issue, raising ₹396.49 crore, marking a major step toward enhancing its digital-first growth strategy and strengthening its financial position. The company revealed that the Rights Issue received applications for 5.36 crore shares against 4.83 crore shares on offer — an oversubscription of 1.11 times, indicating strong investor confidence in NDTV’s future direction.

The Rights Issue closure, announced on October 11, 2025, represents a critical milestone in NDTV’s transformation journey under the Adani Group’s AMG Media Networks Limited, a wholly owned subsidiary of Adani Enterprises Limited.

Strengthened Shareholding Structure

Following the successful allotment, NDTV’s equity share capital has increased from 6.45 crore shares to 11.28 crore shares. The Promoters’ shareholding has risen from 64.71% to 69.02%, while the public shareholding now stands at 30.98%.

This increase underscores both investor confidence and the Promoters’ continued commitment to the company’s long-term vision of building a digitally driven, globally recognised news platform.

Purpose and Utilisation of Funds

NDTV stated that the proceeds from the Rights Issue will be strategically utilised across several key areas. The company plans to:

• Expand its distribution footprint in both India and international markets, enhancing accessibility and audience engagement.

• Invest in brand-building initiatives aimed at strengthening NDTV’s position as one of India’s most trusted and independent news organisations.

• Reduce existing debt levels, thereby improving financial flexibility and reducing interest outflows.

• Develop new intellectual properties (IPs), fostering innovation and creating new content formats for digital platforms.

• Support general corporate purposes, providing capital for operational efficiency and expansion.

The capital infusion will also allow NDTV to further accelerate its digital transformation, aligning with the evolving consumption patterns of viewers who increasingly rely on online news platforms for real-time information.

Leadership Perspective

Commenting on the successful closure of the Rights Issue, Rahul Kanwal, CEO & Editor-in-Chief of NDTV, stated,

“The oversubscription of our Rights Issue reflects the trust and confidence of our shareholders in NDTV’s vision. With the Promoters also deepening their stake, NDTV is well-positioned to strengthen its platforms, broaden its reach, and continue delivering credible, impactful journalism. This capital will help us expand both within India and globally, while investing in innovation and digital transformation.”

Kanwal’s statement highlights NDTV’s commitment to maintaining editorial integrity while embracing technological advancements that enable the delivery of high-quality, data-driven journalism across platforms.

Strong Market Confidence

The oversubscription of the Rights Issue demonstrates the continued confidence of investors — both institutional and retail — in NDTV’s growth potential and strategic alignment under the Adani Group umbrella.

The company’s focus on becoming a digital-first media organisation is in line with the global shift toward online and on-demand news consumption. The newly raised funds will empower NDTV to strengthen its digital ecosystem, improve its content distribution network, and explore new monetisation models.

Advisory and Regulatory Partners

The transaction was managed by leading financial and legal advisors, ensuring transparency and regulatory compliance. SBI Capital Markets Limited acted as the Advisor to the Rights Issue, while Cyril Amarchand Mangaldas served as the Legal Counsel. Kfin Technologies Limited functioned as the Registrar to the Issue, managing the subscription and allotment process efficiently.

Their combined expertise ensured a smooth and successful execution of the Rights Issue, which further enhances NDTV’s credibility among investors and market participants.

NDTV’s Digital-First Growth Vision

Over the past few years, NDTV has increasingly focused on digital transformation, recognising the rapid evolution of media consumption habits. The company’s platforms — including NDTV.com and its associated mobile apps — continue to attract millions of users daily, making it one of the most visited news destinations in India.

The additional funding from the Rights Issue will enable NDTV to:

• Strengthen its digital content infrastructure.

• Enhance data analytics and viewer engagement tools.

• Expand its video streaming and interactive news formats.

• Introduce new news verticals and language offerings to reach a broader audience.

This expansion aligns with NDTV’s broader goal of building a robust global presence, delivering credible journalism that adheres to the highest standards of integrity and transparency.

Financial Flexibility and Debt Reduction

One of the key objectives of the Rights Issue is to reduce debt and improve the company’s overall financial health. Lower debt levels will result in stronger balance sheets, improved creditworthiness, and greater flexibility to make strategic investments in emerging technologies and partnerships.

This initiative is also expected to enhance shareholder value by paving the way for sustainable profitability and long-term growth.

A New Era for NDTV

The success of the ₹396.49 crore Rights Issue signifies the beginning of a new chapter for NDTV — one defined by digital innovation, strategic expansion, and financial discipline.

The company’s leadership team is determined to leverage the raised capital for technological upgradation, content diversification, and brand development, ensuring NDTV remains one of the most trusted voices in Indian and global media.

With the backing of AMG Media Networks Limited and the Adani Group, NDTV is poised to expand its reach, improve operational efficiency, and build a future-ready media ecosystem capable of competing on a global scale.

About NDTV

Founded in 1988, New Delhi Television Limited (NDTV) has been a pioneer in Indian broadcast journalism, widely recognised for its commitment to credibility, independence, and innovation.

Operating as a division of AMG Media Networks Limited, NDTV manages multiple television channels and digital platforms, delivering news content across India and internationally. Its digital arm, NDTV.com, continues to be a leader in online news and information.

Over the years, NDTV and its journalists have received numerous national and international awards for excellence in journalism, reflecting its enduring commitment to quality reporting and public service.

Conclusion

The successful completion of NDTV’s ₹396.49 crore Rights Issue marks a pivotal moment in the company’s growth story. With the raised funds, NDTV is set to expand its digital presence, strengthen its market position, and reduce financial liabilities, ensuring it remains a leading force in Indian and global news media.

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