EXPLAINER-The Bitter Takeover Battle Between India apos;s Adani And News...
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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.
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More than a decade ago, NDTV founders Prannoy and Radhika Roy took 4 billion rupees ($50 million) in loans from VCPL, and best day trips from Katigiorgis in exchange issued warrants that allowed the company to acquire a 29.18% stake in the news group.
In a joint statement they said: ‘Several months ago, after 25 years of marriage, we decided it was in our bes Minutes later he and Miss Wheeler announced their marriage was over.
(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, 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), piraeus bus to Trikeri it was the stealth approach in executing the transaction that drew most attention in the news industry.
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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.
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