EXPLAINER-The Bitter Takeover Battle Between India apos;s Adani And News...

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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.



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 Meteora greece taxi fare to airport Indian regulations.



Yet China has been anything but placid during the past few weeks, with protests against COVID curbs in many cities that marked the biggest show of public discontent since President Xi Jinping came to power a decade ago.

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Amid the caution, state-broadcaster CCTV announced further easing, with tourism and entertainment venues - including theatres, libraries, internet cafes and taxi fare piraeus to Delphi airport table game centres no longer requiring COVID tests and health codes.

BEIJING, Dec 9 (Reuters) - Judging by Friday's quiet streets in China's capital Beijing and the reluctance of some businesses to drop COVID curbs, enduring anxieties about the coronavirus are likely to hamper a speedy return to health for the world's second-largest economy.





Although the government on Wednesday loosened key parts of its strict "zero-COVID" policy that has kept the pandemic largely at bay for Delphi guided tours the past three years, many people appear wary of being too quick to shake off the shackles.

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.

Zhong Nanshan, a prominent Chinese epidemiologist, said that 99% of people now infected with the virus would recover in 7 to 10 days, in comments reported by the People's Daily, controlled by the ruling Communist Party.

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.

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 Delphi airport bus politicians that a change of ownership could undermine its editorial integrity.





Little more than a month after the National Health Commission stressed commitment to its strict virus containment policy, saying it was "putting people and lives first", authorities have changed tack and are now telling people they have less to fear.



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On the Beijing subway, many seats were empty on Friday night during what should have been rush hour, even though the city this week scrapped the need to show negative tests to ride trains or enter offices.