Adani Group took full control of news broadcaster NDTV Limited

January 1, 2023

, By Sarika Parmar

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The Adani Group took full control of news broadcaster NDTV Limited after acquiring the majority stake of founders Prannoy Roy and Radhika Roy at a premium of nearly 17% over the rate it paid to minority shareholders.

According to a regulatory filing, the Adani Group now owns 64.71% of New Delhi Television Ltd (NDTV). Following the change in ownership, the Roys, along with four other directors, resigned, according to NDTV. Furthermore, the former promoters of the news broadcaster requested that they be reclassified from ‘promoter’ to ‘public’ category shareholders, which was approved by the Board of Directors, subject to the approval of the company’s shareholders, stock exchanges, and other necessary approvals.

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Adani Group took full control of news broadcaster NDTV Limited

January 1, 2023

, By Sarika Parmar

The Adani Group took full control of news broadcaster NDTV Limited after acquiring the majority stake of founders Prannoy Roy and Radhika Roy at a premium of nearly 17% over the rate it paid to minority shareholders.

According to a regulatory filing, the Adani Group now owns 64.71% of New Delhi Television Ltd (NDTV). Following the change in ownership, the Roys, along with four other directors, resigned, according to NDTV. Furthermore, the former promoters of the news broadcaster requested that they be reclassified from ‘promoter’ to ‘public’ category shareholders, which was approved by the Board of Directors, subject to the approval of the company’s shareholders, stock exchanges, and other necessary approvals.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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