EXPLAINER-The Bitter Takeover Battle Between India apos;s Adani And News...
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China is facing its largest anti-government protests since the Tiananmen Square massacre after activists filled the streets to openly call for an end to the rule of President Xi Jinping and the Chinese Communist Party (CCP).
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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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Meanwhile last night hundreds gathered to mourn the deaths of at least 10 people in an apartment fire last week in Urumqi in the Xinjiang region, where residents were sealed in their buildings to try to stop the spread of Covid.
The university in the Chinese capital is the latest public location to be rocked by unprecedent civil unrest and demonstrations on a scale unseen since the infamous Tiananmen Square protests of 1989 which ended in hundreds of deaths when the army was deployed to quell the uprising.
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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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Participants sang the national anthem and 'the Internationale' - a standard of the international communist movement - and chanted 'freedom will prevail' and 'no to lockdowns, we want freedom', they said.
Undeniable echoes of Tiananmen.' Chinese students demanding democracy. Luke de Pulford of the Inter-Parliamentary Alliance on China said: 'I can't tear myself away from these videos.
Breathtaking courage.
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NEW DELHI, Aug 25 (Reuters) - When India's richest man Gautam Adani this week unveiled plans for his firm taxi Thessaloniki airport to piraeus price 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.
The group has documented 18 killings and 331 attacks against local journalists in the first eight months of the year. (Reporting by Adriana Barrera and Lizbeth Diaz; Writing by Valentine Hilaire; Editing by David Alire Garcia and Leslie Adler)
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.
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.
'Yes I would because I see it all the time and so many brilliant companies do exist, but not quite making their way into the Stock Exchange. I do think if we can encourage more businesses to go that way, that can only be a good thing.'
