EXPLAINER-The Bitter Takeover Battle Between India apos;s Adani And News...
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How long people can survive in water that cold depends on their weight, Vergina airport bus gender and taxi Vergina to airport price what they were wearin<br><br>NDTV is regarded by some as one of the few independent voices in India's rapidly polarising media landscape, and taxi online Volos Airport greece the takeover attempt has triggered concerns among journalists and politicians that a change of ownership could undermine its editorial integrity.<br><br>The Norwegian Refugee Council, taxi prices Thessaloniki which has provided aid to some 100,000 Mosul residents, has noted "rising unemployment, high dropout rates (at schools), and limited economic opportunities across<br><br>The freezing weather has caught several hikers off guard, including a Brisbane man aged in his mid-40s who was rescued by helicopter on Monday afternoon after getting into trouble at Lake Petrarch near Lake St Clair.<br><br>They continued to search for the two men today, even though their survival window in the water is only about 8 hour Authorities narrowed the search to an area about 30 miles east of Toledo after finding the boat.<br><br><br><br><br><br>Bosses at more than 300 travel firms have written to the premier urging him to boil down the scheme to just a red list - containing the countries with the highest Covid rates or worrying variant outbreaks.<br><br>NEW DELHI, Aug 25 (Reuters) - When India's richest man Gautam Adani this week unveiled plans for his firm to control a majority stake in New Delhi Television (NDTV), it was the stealth approach in executing the transaction that drew most attention in the news industry.<br><br>But he recalled speaking to a Greek journalist who said the country's government had banned 'direct flights', prompting him to stop over at the Bulgarian capital of Sofia before taking a 'more-or-less connecting flight to Athens'.<br><br>You can buy a two-bedroom house from £160,000, though for the sort of properties Aylesford deals in - a high-quality three-bedroom villa with a pool and sea views - Williams suggests £550,000 to £730,000.<br><br>And experts have predicted holiday sales will soar today after the amber watchlist plans were dropped, giving more confidence to British holidaymakers that they will still be able to travel this summer.<br><br>The Prime Minister's father continued: 'Ironically, in March this year Parliament approved the "Stanley Johnson loophole" by deciding that, even if government policy is to "avoid non-essential travel", travelling abroad for the purpose of managing a holiday home is now legally acceptable.<br><br>One option would be for the NDTV founders to make their own open offer at a higher price to try to increase their stake and challenge Adani, said Shriram Subramanian, founder of proxy advisory firm InGovern. (Reporting by Munsif Vengattil in New Delhi, M.<br><br>More than a decade ago, NDTV founders Prannoy and Radhika Roy took 4 billion rupees ($50 million) in loans from VCPL, and in exchange issued warrants that allowed the company to acquire a 29.18% stake in the news group.<br><br>The Prime Minister's father revealed he will use the 'Stanley Johnson loophole' to travel to Greece and visit his holiday let while calling for his son to 'make the country an easy destination again' amid the amber list chaos.<br><br>Adani Group's indirect control of a stake above 25% means it must put forward an open offer to purchase at least 26% more from existing shareholders in NDTV to give them an opportunity to exit, according to Indian regulations.<br><br><br><br>Hellenic Realty: 0030 6937 397136, hellenic-realty.com; Cluttons Greece: cluttons.gr; Beauchamp Estates: beauchamp.gr; Aylesford International: 0207 349 5100, aylesford.com; Crete Property Consultants: 0845 337 2717, creteproperty.co.<br><br><br><br><br><br><br><br>In the village of Havgas, farther inland and looking down on Elounda, a project sold through Aegean Blue has four and five-bedroom villas from £900,00 All the Mediterranean-style Tsifliki Villas have private pools on 13,000 sq ft plots.<br><br>The best markets for Cluttons are Corfu, Kefalonia and other Ionian Islands, plus Rhodes and Crete. 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Internally, an NDTV memo referred to the move as "entirely unexpected."<br> AN OPEN OFFER PLAN<br> Adani Group's indirect control of a stake above 25% means it must put forward an open offer to purchase at least 26% more from existing shareholders in NDTV to give them an opportunity to exit, according to Indian regulations.<br> That's what Adani did.<br><br>Laying out its plan, the Adani Group said the open offer will be at 294 rupees per NDTV share for a total consideration of up to $62 million.<br> If the two-stage plan works, Adani Group would get 55.18% of the popular news network.<br> NDTV PUSHES BACK<br> Although NDTV has said Adani's move was without its consent, four lawyers who spoke to Reuters said Adani Group was well within its legal rights in the deal process so far.<br> NDTV had said it was given two days to transfer the shares due to the Adani Group after it made the takeover bid.<br> But as that deadline neared, NDTV has threw a spanner in the works by disclosing on Aug.<br><br>25 that its founders were currently prohibited from dealing in India's securities market.<br> That was due to a 2020 regulatory decision in a case of suspected insider trading of NDTV shares, the news network said, meaning it can't tranfer shares Adani was trying to secure.<br> The regulatory restriction is in place until November this year, and a lawyer said NDTV's effort at best can "stall or slow down the process" of Adani's takeover.<br> Other lawyers have said NDTV should have foreseen the situation as its founders had issued warrants to VCPL years ago and there was always a possibility a company could execute them to acquire a stake.<br> One option would be for the NDTV founders to make their own open offer at a higher price to try to increase their stake and challenge Adani, said Shriram Subramanian, founder of proxy advisory firm InGovern. (Reporting by Munsif Vengattil in New Delhi, M.<br><br>Sriram and Abhirup Roy in Mumbai and Nivedita Bhattacharjee in Bengaluru; Editing by Aditya Kalra, Jamie Freed and Kim Coghill)<br><br><br><br>If you liked this write-up and you would like to receive a lot more information with regards to [https://en.volos-minivan.eu/ATHENS-0000000358-best-private-tours-in-Tailor-Made-Tour-greece.html best private tours in Tailor Made Tour greece] kindly take a look at the internet site. |
Revisión de 19:42 24 feb 2023
By Munsif Vengattil and M.
Sriram
NEW DELHI, Aug 25 (Reuters) - When India's richest man Gautam Adani this week unveiled plans for his firm to control a majority stake in New Delhi Television (NDTV), it was the stealth approach in executing the transaction that drew most attention in the news industry.
But NDTV, one of nation's most popular news networks, is seeking to block the takeover attempt by the billionaire tycoon's group, saying regulatory restrictions prevent the bid from proceeding.
NDTV is regarded by some as one of the few independent voices in India's rapidly polarising media landscape, and the takeover attempt has triggered concerns among journalists and politicians that a change of ownership could undermine its editorial integrity.
This is how the firm controlled by the Adani family went about planning the takeover and how NDTV is trying to resist it.
A COMPANY CALLED VCPL
Much of the spotlight on Adani's two-stage takeover bid is on one, little-known Indian company: Vishvapradhan Commercial Private Limited (VCPL), founded in 2008.
More than a decade ago, NDTV founders Prannoy and Radhika Roy took 4 billion rupees ($50 million) in loans from VCPL, and in exchange issued warrants that allowed the company to acquire a 29.18% stake in the news group.
Those warrants were convertible at any time.
Adani Group said on Aug. 23 it had acquired VCPL and exercised those rights, which should give it the stake in NDTV.
Adani Group's takeover bid is without NDTV's consent, the news organisation said hours later. Internally, an NDTV memo referred to the move as "entirely unexpected."
AN OPEN OFFER PLAN
Adani Group's indirect control of a stake above 25% means it must put forward an open offer to purchase at least 26% more from existing shareholders in NDTV to give them an opportunity to exit, according to Indian regulations.
That's what Adani did.
Laying out its plan, the Adani Group said the open offer will be at 294 rupees per NDTV share for a total consideration of up to $62 million.
If the two-stage plan works, Adani Group would get 55.18% of the popular news network.
NDTV PUSHES BACK
Although NDTV has said Adani's move was without its consent, four lawyers who spoke to Reuters said Adani Group was well within its legal rights in the deal process so far.
NDTV had said it was given two days to transfer the shares due to the Adani Group after it made the takeover bid.
But as that deadline neared, NDTV has threw a spanner in the works by disclosing on Aug.
25 that its founders were currently prohibited from dealing in India's securities market.
That was due to a 2020 regulatory decision in a case of suspected insider trading of NDTV shares, the news network said, meaning it can't tranfer shares Adani was trying to secure.
The regulatory restriction is in place until November this year, and a lawyer said NDTV's effort at best can "stall or slow down the process" of Adani's takeover.
Other lawyers have said NDTV should have foreseen the situation as its founders had issued warrants to VCPL years ago and there was always a possibility a company could execute them to acquire a stake.
One option would be for the NDTV founders to make their own open offer at a higher price to try to increase their stake and challenge Adani, said Shriram Subramanian, founder of proxy advisory firm InGovern. (Reporting by Munsif Vengattil in New Delhi, M.
Sriram and Abhirup Roy in Mumbai and Nivedita Bhattacharjee in Bengaluru; Editing by Aditya Kalra, Jamie Freed and Kim Coghill)
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