Adani Enterprises Ltd.

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.