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 transportation in greece Dion 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, NDTV founders Prannoy and Radhika Roy took 4 billion rupees ($50 million) in loans from VCPL, Vergina greece taxi prices and taxi fare piraeus to Dion airport in exchange issued warrants that allowed the company to acquire a 29.18% stake in the news group.
One option would be for taxi Vergina airport to piraeus price 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.
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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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.
Mr Johnson landed at Athens International Airport late Wednesday after flying via Bulgaria due to a current ban on direct flights from the UK, before visiting his Villa Irene, on Mount Pelion, in central Greece.
Relations between Greece and Germany have improved since the Greek debt crisis that broke out in late 2009 and Vergina guided tour forced Athens to sign up to three international bailouts on tough and unpopular austerity terms, many of them suggested by Germany.
By some local accounts, he arrived to the region, by private car after documenting his controversial journey from the UK on social media, sharing a video taken from a plane and a selfie where his face was covered with a white mask.
Leading government officials contacted by The Daily Mail suggested said standard procedures for incoming travellers from the UK and Bulgaria were followed, including mandatory testings for the novel coronavirus.
He told the paper that good neighbourly relations were "significant not only for the two countries but for Europe as a whole" and that Germany believed that open issues must be resolved through dialogue based on international law.
