On August 23 this year, Adani in a surprise announcement said that it had acquired 28.18 per cent stake in NDTV and would launch an 'open offer' to acquire additional 26 per cent.
Adani vs NDTV: Proxy advisory firms believe the ongoing tussle is not about governance but how the company will be managed in the future as both Adanis and Roys are pushing for a hard bargain.