MoneyWorks4Me

Adani Enterprises’ arm acquires 8.27% stake in NDTV through open offer

20 Dec 2022 Evaluate

Adani Enterprises’ subsidiary -Vishvapradhan Commercial (VCPL) has acquired 5,330,792 (8.27%) equity shares having face value of Rs 4 each at a price of Rs 294 per share in New Delhi Television (NDTV) pursuant to an open offer. Payment of consideration to the public shareholders whose shares were accepted in the open offer was completed by VCPL on December 15, 2022.

New Delhi Television operates as a television media company in India and internationally.

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