However, Adani Enterprises jumped 5.26 per cent, Ambuja Cements climbed 5.25 per cent and ACC gained 2.91 per cent. Shares of most of the Adani Group firms had ended lower on Monday as well.
Last month, the media firm said its founders Prannoy Roy and Radhika Roy had resigned as directors after billionaire Gautam Adani's conglomerate took majority control of the company.
Chhattisgarh is facing shortage in nearly 25 per cent of the sanctioned strength of 193 cadre posts in the state.
Post the conclusion, its stake in NDTV grew to 37.44%, higher than the Roys but well short of a clear majority stake.
Adani group exercised those rights in August last year, which NDTV at that time said was done without its consent.
The Adani Group now holds 64.71 per cent of New Delhi Television Ltd (NDTV), according to a regulatory filing.
The stock jumped 4.99 percent to Rs 357.60 during the day on the BSE. It later ended at Rs 343.40 a piece, up to 0.82 percent.
Based on this price, the sale of 1.75 crore shares would fetch Roys around Rs 648 crore.
The open offer started when VCPL bought 99.5 per cent of RRPR Holding (RRPR), which holds 29.18 per cent of the shares in the TV news company.
The Roys can remain a director on the NDTV board by virtue of their 32.26 per cent stake, market experts said.
Acquires only 8.3% of total equity capital against targeted 26%; falls way short of taking majority control of NDTV.
Being the largest shareholder of NDTV would entitle Adani group to appoint at least two directors on the company board including its chairperson, according to market experts.
On the BSE, shares of NDTV have gained 16.19 per cent during the period from August 23, the day when the Adani group announced the takeover bid, till December 1.
Kumar's resignation came a day after the new NDTV board approved the resignations of founders Prannoy Roy and Radhika Roy as directors of RRPR Holding Private Ltd (RRPR).
The Ramon Magasaysay award-winning news anchor used to host the popular programmes 'Prime Time', 'Ravish Ki Report', 'Hum Log' and 'Desh Ki Baat'.
The stock climbed 5 per cent to Rs 447.70 - its upper circuit limit -- on the BSE in morning trade. At the NSE, it jumped 5 per cent to 446.30, its highest permissible trading limit for the day.
As of early Wednesday, the exchange data showed that Adani's open offer drew bids for 5.3 million shares. This makes Adani the biggest shareholder in NDTV...
RRPR Holding, the promoter group vehicle of NDTV, holds 29.18 per cent stake in NDTV, which is being taken over by the Adani group, owned by businessman Gautam Adani.
The offer price/floor price has been kept at Rs 294 and would end on December 5. On Friday, shares of NDTV gained 5% to close the session at `386.80.
Adani's offer price is Rs 294 per share, while NDTV shares settled at Rs 368.40 on Thursday, which is 25.3 per cent higher compared to the offer price.