Adani Enterprises has informed that AMG Media Networks, a wholly owned subsidiary of the Company (AMNL) has acquired 50.50% stake constituting Equity Shares (Category I shares - with voting rights) and Equity Shares (Category II shares - without voting rights) each of IANS India Private (IANS) on 15 th December 2023 in accordance with Share Purchase Agreement dated 15 th December 2023. The transfer of shares related to the acquisition were approved by the Board of IANS at its meeting held on 15 th December 2023. Further informed that, AMNL has also signed a shareholders’ agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to record their inter-se rights with respect to IANS. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023 are as enclosed.
The above information is a part of company’s filings submitted to BSE.