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Adani Group's open offer for NDTV to begin today: What has happened so far

Adani Group's open offer for NDTV was to be introduced on October 17 till November 1 but was postponed on not receiving the required approval from the Securities and Exchange Board of India (Sebi)

NDTV, in a statement, said Radhika and Prannoy Roy (pictured) believed the Sebi order was based on an incorrect assessment of the situation and a "highly unusual and perverse directive"
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Prannoy Roy

BS Web Team New Delhi
Adani group's open offer to buy a 26 per cent stake in NDTV will begin Tuesday. This stake will be in addition to the 29.18 per cent stake which was acquired by the company indirectly in August. The offer for 16.7 million shares at Rs 294 each totalling nearly Rs 493 crore will remain open till December 5.

The open offer was to be introduced on October 17 till November 1 but was postponed due to the absence of the required approval from the Securities and Exchange Board of India (Sebi).

Last week, however, Sebi approved the offer.

Prannoy Roy

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First Published: Nov 22 2022 | 10:46 AM IST

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