SpiceJet's Ajay Singh buys NDTV, says report. Has he or hasn't he?

The report also quotes the source as saying, "Yes, the deal



has been finalised and Ajay Singh will take control of NDTV along with editorial rights," when asked if NDTV has been sold to Ajay Singh.

Within hours, The Economic Times put out a report headlined "NDTV up 5% as SpiceJet's Ajay Singh picks up majority stake" and reported that share of NDTV hit upper circuit of Rs 53.10 after the news of Ajay Singh buying majority stake in the channel broke. The report also said, "NDTV had hit 52-week high of Rs 92.20 on September 23, 2016, while 52-week low of Rs 33.50 on August 9, 2017," and that the stocks advanced 4.94 per cent to Rs 53.10 this morning.