Gautam Adani NDTV News:

Adani Group will make an open offer on October 17 to acquire an additional 26 percent stake in media company NDTV.

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This advertisement has been issued by JM Financial which is managing this offer.

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According to JM Financial, the offer is likely to open on October 17 and close on November 1.

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Adani Group will acquire 1.67 crore equity shares. The share price for this has been fixed at Rs 294 /share.

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If the offer is fully subscribed, its total value at Rs 294 per share would be Rs 492.81 crore.

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Let us tell you that on 23 August, the Adani Group acquired Vishwapradhan Commercial Private Limited. (VCPL) was acquired.

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Adani Group had announced buying a 29.18% stake in NDTV through VCPL. VCPL holds a 99.99% stake in RRPR Holding.

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The Adani Group had proposed to acquire an additional 26 percent stake in NDTV i.e. 1.67 crore equity shares.

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NDTV founders Radhika Roy and Prannoy Roy have already been barred from trading in the securities market for two years.

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