New Delhi Television Ltd (NDTV) said on Monday an entity backed by its founders had issued shares to a unit of Adani Group, taking the billionaire Gautam Adani-led conglomerate a step closer to taking over the media firm.
The ports-to-energy conglomerate run by Asia's richest man unveiled plans late in August to acquire a majority stake in the popular news network, seen as a bastion of independent media.
More than a decade ago, NDTV founders Radhika and Prannoy Roy took a 4 billion Indian rupee loan from a company that Adani acquired in August. In exchange, they issued warrants that allowed the company to acquire a 29.18% stake in the news group.
NDTV said the entity backed by its founders issued shares after the market regulator's restrictions on its founders expired on Nov. 26.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Lancia Design Day heralds start of a new eraLancia is back! A new logo, a new philosophy and new cars coming, too. Hopefully they'll have wheels 🛞
Weiterlesen »
VW's New CEO Admits Its New Infotainment Is Bad, Vows To Fix It ASAP | CarscoopsThomas Schäfer promises software updates in the coming weeks and hardware improvements by 2024
Weiterlesen »
Phantasy Star Online 2 New Genesis Launches New Overlord CollabThis past week, SEGA launched a brand new collaboration event with Phantasy Star Online 2 New Genesis as players can get new Overlord content. PSO2NG PhantasyStarOnline2
Weiterlesen »
New Law Expands Recourse for Survivors of Sexual Assault Behind Bars in New YorkAn analysis of DOJ data finds '60% of all sexual violence against inmates is perpetrated by jail or prison staff.'
Weiterlesen »
New Braunfels woman featured in new TxDOT drunk driving awareness campaignTxDOT has launched a new drunk driving awareness campaign featuring Erin Crawford-Bowers of New Braunfels, who grew up without parents thanks to a drunk driver in 1985.
Weiterlesen »
About 36 Indian police hurt in clashes with Adani port protestersAs many as 36 police were injured in clashes with protesters in India's southern state of Kerala who were demanding the release of a person arrested during a demonstration against a $900-million port project of the Adani Group, officials said.
Weiterlesen »