https://sputnikglobe.com/20220908/adani-to-launch-ndtv-open-offer-on-october-17-1100537448.html
Adani to Launch NDTV Open Offer on October 17
Adani to Launch NDTV Open Offer on October 17
Sputnik International
India’s richest man Gautam Adani is set to make an open offer for acquiring the Indian media powerhouse NDTV. If the offer is signed in full, the businessman... 08.09.2022, Sputnik International
2022-09-08T12:44+0000
2022-09-08T12:44+0000
2022-10-19T18:40+0000
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On August 23, the Adani Group revealed plans to buy a majority stake in one of India's biggest media holdings, New Delhi Television Ltd (NDTV). The business conglomerate will launch its offer on October 17, and it will last until November 1. The offer could give Gautam Adani an additional 26% stake on top of the 29% previously acquired.Earlier this year, Adani began investing in media with the creation of AMG Media, but a possible acquisition of a major stake in NDTV would make him one of India's biggest agenda-setters. “AMG Media Networks Ltd aims to pave the path of new age media across platforms," Sanjay Pugalia, the company’s chief executive officer, said.The Adani Group controls companies ranging from renewable energy to coal, aerospace, and food processing. The company calls itself a “leading integrated business conglomerate enriching lives, creating sustainable value and empowering India."Currently, Adani is the richest man in Asia and fourth richest in the world.
https://sputnikglobe.com/20220826/adani-group-dismisses-ndtvs-assertion-that-a-nod-from-sebi-is-required-for-takeover-1100012075.html
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india, adani group, adani power, ndtv, deal, business
india, adani group, adani power, ndtv, deal, business
Adani to Launch NDTV Open Offer on October 17
12:44 GMT 08.09.2022 (Updated: 18:40 GMT 19.10.2022) India’s richest man Gautam Adani is set to make an open offer for acquiring the Indian media powerhouse NDTV. If the offer is signed in full, the businessman will receive additional shares worth more than $61 million.
On August 23, the Adani Group revealed plans to buy a majority stake in one of India's biggest media holdings, New Delhi Television Ltd (NDTV). The business conglomerate will launch its offer on October 17, and it will last until November 1. The offer could give Gautam Adani an additional 26% stake on top of the 29% previously acquired.
26 August 2022, 08:52 GMT
Earlier this year, Adani began investing in media with the creation of AMG Media, but a possible acquisition of a major stake in NDTV would make him one of India's biggest agenda-setters.
“AMG Media Networks Ltd aims to pave the path of new age media across platforms," Sanjay Pugalia, the company’s chief executive officer, said.
The Adani Group controls companies ranging from renewable energy to coal, aerospace, and food processing. The company calls itself a “leading integrated business conglomerate enriching lives, creating sustainable value and empowering India."
Currently, Adani is the richest man in Asia and fourth richest in the world.
