Network 18 Media & Investments Surges for Second Consecutive Day, Following 20% Upper Circuit Lock

Shares of Network 18 Media & Investments witnessed a 2.7% rise to Rs 122.65 on the NSE at 10 am, sustaining the momentum from the previous trading session, where it was locked in a 20% upper circuit.

On January 10, a significant transaction of 1.3 crore shares, equivalent to 1.3% equity, occurred in a deal amounting to Rs 155.50 crore. The parties involved in the exchange remain undisclosed at this time.

Simultaneously, in a parallel development, a substantial deal unfolded in TV18 Broadcast, a subsidiary of Network 18 Media & Investments. On the same day, 1.2 crore shares of TV18 Broadcast, constituting 0.7% equity, changed hands in a transaction valued at Rs 78 crore. The identities of the buyers and sellers in this deal remain unknown as well.