Page 3 - Ndtv

Senior executives at NDTV quit, company says putting new team in place

Group president Suparna Singh, chief strategy officer Arijit Singh and chief technology officer Kawaljit Singh Bedi exit firm

After founders Roys, some more senior executives of NDTV step down

NDTV made several failed times to block the takeover, citing regulatory restrictions on moving shares

Adani to pay Rs 26 cr to NDTV open offer sellers, match payment to founders

Will pay Rs 48.65 more per share as there was a difference between open offer price and that paid to Roys last week for additional stake, say proxy advisory firms

Adani lifts payout for NDTV open offer to match payment to founders

Adani Enterprises said it will pay an additional Rs 48.65 per share to New Delhi Television Ltd investors who sold their shares to the conglomerate

Adani Enterprises buys shares from NDTV founders at 17% premium

Proxy advisory firms say premium now must be paid to all shareholders who participated in open offer

How Roys walked the talk

As the Roys have shown, dignity in the newsroom and respect for facts are the best equity in today's news bazaar. It's with this satisfaction that they must walk away, leaving NDTV in new hands

Adani group buys NDTV's promoters' stake at 17% premium, takes control

Adani group on Friday gained full control of news broadcaster NDTV after it acquired most of founders Prannoy Roy and Radhika Roy's stake at a premium of almost 17 per cent over the rate it paid to minority shareholders of the firm. Adani group now holds 64.71 per cent of New Delhi Television Ltd (NDTV), according to a regulatory filing. The group run by Asia's richest man Gautam Adani used RRPR Holdings Private Limited, a company that was founded by the Roys and bear their initials in its name, to buy 27.26 per cent shares from Prannoy Roy and Radhika Roy at a price of Rs 342.65 per share, it said. The price paid to Roys, which translates into Rs 602 crore, is almost 17 per cent premium to Rs 294 a share Adani Group had offered in an open offer to minority shareholders after taking control of RRPR Holdings. Shares of NDTV closed at Rs 345.60 apiece on the BSE. Issuing a statement, Adani group said subsequent to change in control, the Board of NDTV has been further strengthened wi

Adani's purchase of NDTV founders' stake may test acquisition rules

While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions - Adani's entry into NDTV 4 months ago was also via an indirect route

A deft legal manoeuvre helped Gautam Adani cement majority stake in NDTV

Adani's entry into NDTV four months ago was also via an indirect route - it could invoke the regulator's scrutiny on grounds that it is unfair to common shareholders

I owe my success to institutional reforms over 30 years: Gautam Adani

As both he and PM Modi are from the same state, it makes him the easy target of baseless allegations, says Adani

NDTV gains 5% as founders plan to sell 27.26% stake to Adani group

On Friday, founders Prannoy Roy and Radhika Roy said that they would sell 27.26 per cent out of their 32.26 per cent shareholding in the news broadcaster to the Adani Group

Top Headlines: Free PDS to 810 mn, founders exit NDTV, and more

Business Standard brings you the top headlines at this hour

NDTV founders to sell 27.26% stake in NDTV to Adani group, keep 5%

Adani group will have nearly 65% shareholding in the media company; two additional directors appointed by Adani on NDTV board

Founders Prannoy Roy, Radhika Roy exit NDTV, transfer most stakes to Adani

NDTV founders Prannoy Roy and Radhika Roy say they will sell most of their shares in the broadcaster to Adani Group

Tariff order, consolidation to support rally in broadcasting stks: Analysts

New Delhi Television (NDTV), Dish TV, Sun TV Network, and Zee Entertainment outperformed the indices over the last six months by surging between 18 per cent and 95.5 per cent

NDTV approves proposal to invite two Adani nominees on its board

The appointment of directors, NDTV said, would be taken up at its next board meet on December 23

Sensex down 208 pts, Nifty below 18,650 day head of RBI decision; PSBs gain

CLOSING BELL: Among sectors, the Nifty IT index fell 1.5 per cent, while the Nifty PSU Bank index gained 1.2 per cent

Stocks to Watch: Adani Green, Tata Motors, Kirloskar Bros, Dhunseri Tea

Stocks to Watch Today: Read analysis on why value investors could be seen taking selective punts on IT stocks in the near future.

Adani group becomes single-largest shareholder in NDTV with 37.4% stake

Conglomerate can now propose reconstitution of board, say proxy advisory firms

The corporate push towards 'one nation, one media'

In a sense, then, corporates are entering the media business for the same reason that political parties and political families own media houses - to influence public opinion