Adani Group acquires 29.18% in NDTV
AMG Media Networks Limited (AMNL), a subsidiary of Adani Group has indirectly acquired a 29.18% stake in media and news broadcaster New Delhi Television (NDTV).
AMG Media Networks (AMN) would acquire 29.18% of NDTV through an investor in the channel, Vishvapradhan Commercial (VCPL). VCPL will have to make an open offer to acquire 26 % of NDTV from public shareholders at Rs 294 apiece, a total cost of around Rs 483 crore.
NDTV Founders: Prannoy Roy, Radhika Roy.
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