Business Standard

Entering the final stretch

The NDTV takeover battle is reaching its climax and there are many likely scenarios at play


Indrajit Gupta
By the time you read this, the endgame in the Adani-NDTV takeover saga may not be entirely over, but there will be enough pointers towards a swift closure.
The securities trading ban imposed by the market regulator, Securities and Exchange Board of India (Sebi), on Prannoy and Radhika Roy ended on November 26. It would inevitably prompt Adani Group, the current owners of Vishvapradhan Commercial Private Ltd or VCPL, to submit its request — for a second time — to RRPR, the holding company of the Roys, to convert the warrants into RRPR shares, amounting to a 29.18 per cent
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Nov 28 2022 | 10:18 PM IST

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