Adani group has received approval from Securities and Exchange Board of India (SEBI) to buy an additional 26 per cent stake in media firm New Delhi Television (NDTV). The offer will tentatively open on November 22 and close on December 5. The price fixed is Rs 294 per share. Vishvapradhan Commercial (VCPL) along with AMG Media Networks and Adani Enterprises had proposed to acquire an additional 26 per cent or 1.67 crore equity shares at an offer price of Rs 294 per share. If fully subscribed, the open offer will amount to Rs 492.81 crore at a price of Rs 294 per share.
The decision to acquire NDTV was arrived at in furtherance of the Adani Group's objective to set up a credible next-generation media platform with an emphasis on digital and broadcast segments, and that NDTV is a suitable broadcast and digital platform to deliver on this vision.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.
| Company Name | CMP |
|---|---|
| Redington | 273.85 |
| Amrapali Industries | 30.67 |
| Adani Enterprises | 3143.25 |
| Rashi Peripheral | 788.05 |
| PDS | 362.45 |
| View more.. | |
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