Now Gautam Adani will be the owner of NDTV?

Gautam Adani NDTV Latest News:

The Adani Group will now launch an open offer to buy an additional 26 percent stake, which requires SEBI approval.

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Let us tell you that the Adani Group intends to acquire an ownership stake in NDTV.

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If Adani's open offer of 26 percent is successful, then its total stake in NDTV will exceed 55 percent.

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Three Adani Group companies AMNL and Adani Enterprises Limited will buy a stake in the open offer.

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This open offer will be at Rs 294 per share, which is about 20 percent less than the current price of the share.

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Adani Group has bought Vishwapradhan Commercial Private Limited (VPCL) for Rs 114 crore.

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VPCL had pledged 29.18 percent equity shares of RRPR Holdings Private Limited, a promoter group company of NDTV.

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Market regulator, SEBI's approval is required to acquire a stake in RRPR Ltd, the promoter arm of NDTV.

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The Adani Group will spend around Rs 493 crore to buy an additional 26% stake in NDTV.

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