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

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

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

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

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

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

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

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