Shares of Noida Toll Bridge Company Ltd surged 4.17% to ₹4.25 on the NSE after the Delhi High Court granted interim relief to the company in its dispute with the New Okhla Industrial Development Authority (NOIDA).
The case pertains to a demand letter issued by NOIDA’s Outdoor Advertisement Department, seeking ₹100 crore in alleged advertisement license fees from the company, which manages the Delhi-Noida-Delhi (DND) Flyway. The notice also called for the removal of outdoor advertisements displayed on the flyway.
Justice Jasmeet Singh stayed the demand, observing that prima facie the petitioner had the right to display advertisements, and any coercive action could cause irreparable damage. The court directed NOIDA to file its reply within four weeks and scheduled the next hearing for January 16, 2026.
At the time of reporting, shares were trading at ₹4.25, up 4.17% from the previous close of ₹4.08, with a market cap of ₹731.7 million.
