Adani acquired NDTV?

How Adani Bought NDTV?







Gautam Adani's Company buy NDTV and has offered to Buy another 26% at a discounted price of Rs 294 per share.

Lets see the events involved:
  • NDTV was mainly owned  Prannoy roy(15.94%) and Radhika Roy(16%).
And RRPR Holding Pvt. Ltd(29.18%) which was in turn owned by Radhika and Prannoy Roy.
  • RRPR Holding Pvt. Ltd. took a loan from Vishwapradhan Commercial Pvt Ltd for Rs 403.85 against the right to acquire 99.5% of its shares.
  • Notably Vishwapradhan took a loan of Rs 403.85 from Mukesh Ambani-led company during the same time.
  • Vishwapradhan Commercial Ltd. Sold to Adani Media Networks Ltd.
  • Vishwapradhan Commercial Ltd. exercised its right to acquire 99.50 percent Control of RRPR.
  • Hence Now Adani Media Pvt. Ltd. Owns 29.18% Share of NDTV.
  •  The founders of RRPR company stated that "this exercise of Rights by Visphawapradhan Commercial Ltd. was executed without any input from , conversation with ,or consent of NDTV Founders , who like NDTV, have been made of rights only today. As recently as yesterday, NDTV has informed the Stock exchanges that there was no change in the shareholding of its founders."
  • Adani Group has says will launch open offer for another 26% which will make Adani's share in NDTV to more than 55%.
  • Adani Group recently bought 49% Shares in Quint. Which shows adani groups intrests in Media Industry. 




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