Trends in the GIFT Nifty indicate a flat start for the broader index in India, with a gain of 4 points. The Nifty futures were trading around the 21,478 level.
Adani Group acquires majority stake in IANS: Best Media Info bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.
Adani had forayed into the media business in March last year when AMG Media Networks, a subsidiary of AEL, bought a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media (QBML) for about Rs 48 crore
Billionaire Gautam Adani’s group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space.
In a regulatory filing, Adani Enterprises — the firm that holds the group’s media interest — said its subsidiary
The Adani group said in a statement that upon acquiring a 50.5% stake for 510,000 rupees ($6,140), it would assume full operational and management control of IANS.