Adani Enterprises Ltd.

Adani Enterprises’ wholly owned subsidiary -- AMG Media Networks (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 (IANS) on December 15, 2023 in accordance with Share Purchase Agreement dated December 15, 2023. The transfer of shares related to the acquisition were approved by the Board of IANS at its meeting held on December 15, 2023. Pursuant to the acquisition as set out above, IANS is now a subsidiary of AMNL.

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