In a notification to the BSE, NDTV has denied reports claiming that promoters of the company had sold their stake.

"With reference to your letter seeking clarification on the news item appearing on www.moneycontrol.com, we wish to inform you that the promoters of the Company have not entered into any agreement for sale of their stake in the Company to any person."

Shares of NDTV jumped on Friday following a media report that claimed that SpiceJet's Ajay Singh had bought a major stake in NDTV. Indian Express quoting sources said that SpiceJet Owner and Co-founder Ajay Singh is ready to take charge of NDTV and its editorial rights, after taking majority stake in it.

However, The Hindu, quoting NDTV sources, said that the company denied reports of a takeover. "Not even a single sentence of these reports is true," said sources to The Hindu.

When the IE approached Spicejet, its officials denied this development saying,“it’s absolutely false and baseless.”

The NDTV notification further added: "The Company is mindful of its obligations under Clause 30 of the Listing Regulations and shall promptly intimate you of any event required which is required to be disclosed under the said Regulations."

NDTV founders Prannoy Roy, Radhika Roy and its promoter firm RRPR Holding are currently facing a CBI probe. The CBI probe revolves around the parties allegedly concealing a share transaction.

Ajay Singh was a part of the BJP’s 2014 poll campaign and coined the term, "Ab ki baar Modi Sarkar." According to the report, Ajay Singh has taken up 40 percent of the channel's stake. The founders and the promoter firm will continue to hold 20 percent.

Sources add that Ajay Singh will also pay off NDTV’s debt of over Rs 400 crore and the total deal is valued at around Rs 600 crore. The CBI conducted searches in Roy's residence on June 5, where NDTV stood up for their owners and called the raids a “blatant attack on the freedom of the press,” in a statement.

On September 3, Business Standard spoke to NDTV where they clarified that "there has been no change (actual or effective) in the control/ownership of NDTV " and that the promoters, Prannoy Roy, Radhika Roy and RRPR Holding, will continue to hold the majority stake of 61.45 percent.