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Adani Enterprises’ arm increases stake in IANS India

17 Jan 2024 Evaluate

Adani Enterprises’ wholly owned subsidiary -- AMG Media Networks (AMNL) has increased its stake in IANS India (IANS), by subscribing to fresh shares issued by IANS. The acquisition is of strategic nature in the interest of AMNL. Cost of acquisition is Rs 5 crore. 

The allotment of above shares was approved by the Board of IANS at its meeting held on January 16, 2024 and the certified true copy of the said board resolution was received by the Company on January 17, 2024.  

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.

Adani Enterprises Share Price

2218.35 13.35 (0.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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