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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.
NDTV is regarded by some as one of the few independent voices in India's rapidly polarising media landscape, Pelion airport to city taxi cost and the takeover attempt has triggered concerns among journalists and Pelion transport politicians that a change of ownership could undermine its editorial integrity.
(Reporting by Munsif Vengattil in New Delhi, M. 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, Pelion guided tours founder of proxy advisory firm InGovern.
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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.
More than a decade ago, taxi online Katigiorgis greece NDTV founders Prannoy and Radhika Roy took 4 billion rupees ($50 million) in loans from VCPL, taxi from Katigiorgis port to acropolis and taxi Pelion airport to piraeus price in exchange issued warrants that allowed the company to acquire a 29.18% stake in the news group.
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