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Home » Adani’s open offer to NDTV
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Adani’s open offer to NDTV

News DeskBy News Desk31 August 2022No Comments1 Min Read
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  • Adani Group will submit a public offer to acquire an additional 26% stake in media company NDTV on October 17th.
  • The public tender to acquire 1.67 billion shares at Rs 294 per share is expected to close on 1 November, according to an advertisement by JM Financial, which manages the tender. If fully subscribed at Rs.294 per share, the public offering will be Rs.492.81 crore.
  • On August 23, Adani Group announced that it would acquire a 29.18% stake in NDTV through the acquisition of VCPL, which owns 99.99% of RRPR Holding.
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