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.