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Adani firms make open offer for acquiring 26% stake in NDTV for Rs 493 cr

NDTV says Adani entities' move to take control of NDTV's major shareholder was without consent from the company or its founders

Adani
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Press Trust of India New Delhi
Richest Indian Gautam Adani's group on Tuesday said it will buy a majority stake in New Delhi Television Ltd, one of the nation's most popular news channels, as it looks to boost media investments as part of an ambitious expansion plan.

An Adani Group firm first acquired a company that in the past was linked to rival billionaire Mukesh Ambani. The particular company had loaned Rs 250 crore to NDTV in 2008-09 and the Adani group firm now exercised the option to convert that debt into a 29.18 per cent stake in the news channel company.

Subsequently, it has launched an open

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : NDTV

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First Published: Aug 23 2022 | 5:51 PM IST

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