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 taxi prices Dion his firm things to do in Pelion control a majority stake in New Delhi Television (NDTV), minivan transfers 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 to Indian regulations.
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.
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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, things to do in Pelion M.
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 piraeus bus to Tailor Made Tour politicians that a change of ownership could undermine its editorial integrity.
Liverpool will potentially recoup £13m after agreeing to sell Ki-Jana Hoever to Wolves, bus transfers who beat off interest from Juventus and Tailor Made Tour greece taxi fare to airport Atletico Madrid for online taxi Dion the 18-year-old Dutch defender.
Liverpool have also negotiated a 15 per cent future sell-on clause.
The prosecution had alleged that Hoile, of Benfleet, Essex, taxi Tailor Made Tour greece used his warrant card while under the influence of alcohol to 'exert control' over the victim, 'inappropriately interrogate' her, and compel her to answer questions.
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