NDTV says Adani needs Sebi nod to buy stake in RRPR

NDTV says Adani needs Sebi nod to buy stake in RRPR

NEW DELHI: NDTV on Thursday informed stock exchanges said Adani companies requires Sebi approval to secure 99.5 per cent interests in the promoter vehicle, as its founders are barred from trading in securities markets. NDTV noted that Sebi had on November 27, 2020, restrained founder-promoters Prannoy Roy and Radhika Roy from accessing the securities market. … Read more

Adani firms to acquire 29.18% stake in NDTV and launch open for another 26% stake

Adani firms to acquire 29.18% stake in NDTV and launch open for another 26% stake

NEW DELHI: Billionaire Gautam Adani would soon take control of NDTV after Adani Group firms today launched an open offer to acquire 26 per cent stake in the media company for Rs 294 per share. Taking its total shareholding in to 55.18 per cent upon successful completion of the offer, Adani firm AMG Media Networks … Read more