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The Adani group has initiated steps to takeover the NDTV by issuing an open offer for 26 per cent stake in the former and also by exercising its right to convert the share warrants issued by RRPR Holding Private Ltd. ....
The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, said an advertisement by JM Financial, which is managing the offer. ....
NDTV-Adani saga: VCPL had, in a notice to RRPRH on August 23, intimated that it was exercising its rights to convert warrants issued to it in 2009 into equity shares, which would give it control of 99.5 per cent of RRPRH. ....