Adani Group to acquire 29% in NDTV
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Adani enters NDTV and offers 29% to announce an open-offer to purchase 26% more.
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NDTV said the acquisition was completed without communication with, input from or the consent of NDTV the founders Prannoy Roy or Radhika Roy.
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The two networks continue to hold 32.26 percent of NDTV.
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NDTV stock increase fivefold in nine months.
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In the markets the company's stock recorded an increase of 5% today and is trading at 376.55.
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Adani purchasing NDTV have been making the rounds for more than an entire year.
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Adani is set to become the new proprietor of one of the reliable news companies in the country.
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