The Adani Group company also said that it would launch an open offer to buy another 26% stake. Adani Group has spent 493 crores to buy this stake. In this matter, NDTV claimed that there was neither any discussion nor consent was taken with its founders – Prannoy Roy and Radhika Roy. Please tell that Prannoy Roy and Radhika Roy have 32.26 percent stake in this company.
According to the information, Adani Enterprises Ltd. The subsidiary of AMG Media Networks on Tuesday acquired Vishwapradhan Commercial Private Limited (VCPL). In 2009 and 2010, VCPL acquired RRPR Holding Pvt Ltd, the promoter company of NDTV. 403.85 crore loan to
In lieu of this interest-free loan, RRPR issued warrants to VCPL. Through these warrants, VCPL could take 99.9 per cent stake in the RRPR. Using the same warrants, Adani acquired a 29% stake in NDTV.