Adani Group to buy 29.2% stake in NDTV

India's Adani Enterprises on Tuesday said its media unit will indirectly buy a 29.18 percent stake...

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...in New Delhi Television Ltd and begin an open offer of 26 percent stake in the media firm.

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Three firms, Vishwapradhan Commercial Pvt Ltd along with AMG Media Networks and Adani Enterprises Ltd,

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...offered a price of Rs 294 each to acquire up to 1,67,62,530 fully paid up equity shares.

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In a statement to the NSE, AMNL, a wholly-owned subsidiary of Adani Enterprises, said it has acquired 100 per cent

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...equity stake in VCPL on August 23, 2022 as per the terms contemplated under the purchase agreement.

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No change in ownership or divestment of NDTV has been done.

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Radhika and Pranay Roy and through his company RRPR Holding Pvt Ltd retain...

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...61.45 per cent of the total paid up share capital of NDTV.

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