Billionaire Gautam Adani, through his Adani Group, has taken over NDTV (New Delhi Television Ltd.), acquiring a majority stake in the Delhi-based news channel.
How the Acquisition Unfolded
The Adani Group completed its acquisition of a majority stake in NDTV by purchasing additional shares from the news channel's promoters. Adani Enterprises, operating through its indirect subsidiary RRPR Holdings, acquired 1.76 crore shares of NDTV. These shares were purchased for ₹602 crore directly from NDTV's founders and promoters, Radhika and Prannoy Roy. This transaction solidified the Adani Group's position as the official majority shareholder in NDTV.
Key Details of the NDTV Takeover
The table below summarizes the crucial aspects of the acquisition:
| Detail | Description |
|---|---|
| Acquirer | Adani Group, primarily through Adani Enterprises and its subsidiary RRPR Holdings |
| Target | New Delhi Television Ltd. (NDTV) |
| Shares Acquired | An additional 1.76 crore shares |
| Amount Paid | ₹602 crore |
| Previous Owners | NDTV promoters Radhika and Prannoy Roy |
| Outcome | Adani Group officially became the majority shareholder |
This strategic move marks a significant shift in the ownership and control of one of India's prominent news broadcasting networks.
