HomeBUSINESSThe founders of New Delhi Television Ltd transfer 65% shares to billionaire...

The founders of New Delhi Television Ltd transfer 65% shares to billionaire Gautam Adani

The founders of New Delhi Television Ltd said on Friday they have decided to transfer most of their shares in the company to billionaire Gautam Adani, giving his conglomerate control of nearly 65% ​​of the news network.

Radhika and Prannoy Roy will sell a 27.26% stake in NDTV to the Adani-owned entity, giving it a 64.71% stake in NDTV, NDTV’s regulatory filings showed. Adani already held more than 37% in NDTV following an open offer and an earlier acquisition of the founder-owned company.

“AMG Media Network is now the single largest shareholder of NDTV following the recent open offer. Subsequently, we have decided by mutual consent to sell the majority of our shares in NDTV AMG Media Network,” the founders said in a statement. .

“Since the opening of the open offer, our discussions with Gautam Adani have been constructive; he has accepted all the proposals we have made positively and openly,” they added.

Read Now :<strong>A non-exclusive SpaceX study of Hubble Space Telescope reboost options is underway: NASA</strong>

[responsivevoice_button buttontext="Listen This Post" voice="Hindi Female"]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RELATED ARTICLES

Trending News

Hardik Pandya, Mumbai Indians, and the Quandary of IPL Allegiance, coupled with MI’s defeat against Sunrisers Hyderabad

The recent Mumbai Indians vs. Gujarat Titans match witnessed Hardik Pandya facing criticism and scrutiny, reflecting underlying tensions within...

Skyroot Successfully Test-Fires Stage-2 of Vikram-1 Rocket, Marks Milestone in Indian Space Industry

In a significant development, Skyroot, an Indian space start-up, has achieved a major milestone by successfully conducting the test-firing...

U.S. Military Destroys Four Drones Launched by Iran-backed Houthi Forces in Yemen

In a recent development, the U.S. military announced its successful interception and destruction of four unmanned drones launched by...

Alia Bhatt Hosts Hope Gala in London, Raises Funds for Salaam Bombay Foundation

Actor Alia Bhatt graced the Hope Gala in London with her presence, shining a spotlight on a noble cause...