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.
Domestic equity benchmarks Nifty 50 and S&P BSE Sensex came under heavy pressure amid selloff by FIIs as headline indices fell sharply by nearly 2 per cent each in Thursday s closing.