Gautam Adani NDTV News:

The Adani Group has gone one step further for the takeover of NDTV. Open offer final date revealed.

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

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

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

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

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

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

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

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

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