New Delhi: The Adani Group-owned AMG Media Networks Ltd. has acquired a majority stake in news agency IANS India Pvt.
AMG Media Networks acquired 50.5% stake constituting equity shares, with voting rights and without voting rights each, of IANS India, the company said in an exchange filing. After the acquisition, IANS will be a subsidiary of AMNL.
AMNL has also signed a shareholders’ agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to record their inter-se rights with respect to IANS, the company said. The acquisition of the media network is strategic in nature, the company said. IANS has an authorised share capital of Rs 20 lakh. The company reported a turnover of Rs 11.86 crore for fiscal 2023.
Mumbai: Eight people were killed and 35 injured after a massive billboard collapsed in Ghatkopar…
Bhubaneswar: Commissionerate Police has arrested a miscreant, who is wanted in several snatching cases, from…
New Delhi: Prime Minister Narendra Modi won’t engage in a public debate with Rahul Gandhi,…
Bhubaneswar: Police have seized more than Rs 10 lakh unaccounted cash from a car in…
Bhubaneswar: A programme to mark International Nurses Day was organised at Phulnakhara campus of the…
Bhubaneswar: The approximate voter turnout in the first phase of polling in Odisha was estimated…
Bhubaneswar: Bhubaneswar region achieved a 92.03 pass percentage in the CBSE Class X exams, the…
Bhubaneswar: Even as the summer has just started, water crisis gripped a slum in Bhubaneswar…