Adani Group has announced to buy stake in NDTV.It has been announced that Adani Group will buy the popular media company NDTV. Adani Group-owned AMG Media Networks has announced the acquisition of a 29.18% stake in NDTV.
Meanwhile, Adani Group's AMG Media Networks has announced that it will acquire an additional 26% stake in NDTV through an open offer. Adani Group will acquire a 26% stake in this open offer for Rs 294 per share.
At the end of today's stock trading, the share price of NDTV is Rs 376.55. The Adani Group, which is already gaining a foothold in various sectors, has now entered the media sector as well. For this, popular NDTV has decided to buy a majority stake in the company.
Adani shares fell sharply during the stock trade today. In a report published by CreditSights, Adani Group has been expanding rapidly by taking on a lot of debt. Subsequently, Adani shares fell.
Source: Reuters
