Pics courtesy newslaundry
New Delhi: Prannoy and Radhika Roy, New Delhi Television Ltd’s founders, have decided to transfer most of their shares in the company to an entity owned by Gautam Adani.
After acquiring the Roys’ stake of 27.26%, Adani’s conglomerate will have control over nearly 65% of the television news network, NDTV’s regulatory filings showed, Reuters reported.
The billionaire already held more than 37% stake in NDTV after an earlier acquisition of the company owned by the Roys.
Radhika and Prannoy will retain a combined 5% stake in NDTV.
“The AMG Media Network, after the recent open offer, is now the single largest shareholder in NDTV. Consequently, with mutual agreement we have decided to divest most of our shares in NDTV to the AMG Media Network,” the founders said in a statement.
“Since the open offer was launched, our discussions with Gautam Adani have been constructive; all the suggestions we made were accepted by him positively and with openness,” they added.
Radhika and Prannoy Roy will retain a combined 5% stake in NDTV.
Bhubaneswar: The Capital Region Urban Transport (CRUT) said it has suspended the driver of diesel…
Stay ahead with Odisha Bytes Breaking News - your ultimate source for the fastest, most…
Mumbai: Lalita D'Silva, Taimur's former nanny, expressed her disbelief over the news of the seven-year-old…
Pune: As many as 59 people have been diagnosed with Guillain-Barre Syndrome (GBS), a rare…
Baripada: Forest officials on Thursday rescued a fishing cat was rescued from a canal near…
Balasore: Excise officials have seized brown sugar worth more than Rs 7 lakh and arrested…
This website uses cookies.
