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Asia s richest man Adani to buy majority stake in NDTV in hostile takeover – TechCrunch

Adani Group said Tuesday it will buy a majority stake in NDTV, a high-profile Indian news house, in an apparent hostile takeover as the billionaire Gautam Adani expands his media ambitions.

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Adani Enterprises : AMG Media Networks Limited (AMNL) to indirectly acquire 29 18% stake in NDTV & launch Open Offer

Editor s Synopsis Vishvapradhan Commercial Private Limited , wholly owned subsidiary of AMG Media Networks Limited. | August 23, 2022

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AMG media networks limited indirectly acquire 29 18% stake in NDTV & launch Open Offer

VCPL executed warrants to purchase 99.5% of RRPR. As a result of this transaction, VCPL will gain ownership of RRPR.

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Breaking News: Adani Media Networks buys NDTV

Adani has acquired 99.5% equity stake in RRPR Holding Private Limited, a promoter company of NDTV

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NDTV says exercise of rights by VCPL done without NDTV founders consent [details]

VCPL is the wholly-owned subsidiary of AMG Media Networks Ltd (AMNL), the media arm of Adani Enterprises Ltd (AEL). VCPL holds warrants of RRPR, entitling it to convert them into 99.99 per cent stake in the latter.

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