NDTV Raises $396.49 Crore via Rights Issue, Oversubscribed 1.11x

New Delhi Television Limited (NDTV) has successfully concluded its Rights Issue, raising 396.49 crore. The Issue received applications for 5.36 crore shares against 4.83 crore shares on offer, representing an oversubscription of 1.11 times. Following the allotment, NDTV’s equity share capital increased from 6.45 crore shares to 11.28 crore shares. The Promoters’ shareholding increased from 64.71% to 69.02%, while the public shareholding now stands at 30.98%. The Rights Issue proceeds will be utilized to expand NDTV’s distribution footprint in India and internationally, invest in brand-building, reduce debt, and fund new intellectual properties and general corporate purposes. This infusion of capital will provide NDTV with enhanced financial flexibility to accelerate its digital-first growth strategy.