Adani's hostile takeover will benefit retail investors

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NDTV has been one of the most successful stocks. 

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The counter has gained roughly 140% in the last three months, compared to an 8% increase in the S&P BSE Sensex.

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After starting the day on a good note, the stock rose 5% to 384.50, its upper circuit limit as well as 52-week high, on the BSE.

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On the NSE, it rose 4.99 percent to 388.20, its upper circuit limit as well as the one-year high.

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The 30-stock BSE Sensex was down 70.29 points at 58,961.01 points.

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Billionaire Gautam Adani has started a hostile takeover of NDTV, first with an indirect acquisition of a 29.18% share in the broadcaster, followed by an offer to buy out a further 26% controlling holding.

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NDTV 24x7, NDTV India, and NDTV Profit are the company's three national news networks. With almost 35 million fans,

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NDTV has a significant online presence and is one of the most popular news accounts on social media.

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