Adani stake in NDTV | Two oligarchs taking over entire media, says Delhi Union of Journalists
2 years, 3 months ago

Adani stake in NDTV | Two oligarchs taking over entire media, says Delhi Union of Journalists

The Hindu  

The Delhi Union of Journalists on Wednesday said it was shocked at news reports of “NDTV is being bought up by the Adani Group”. “It is evident that the two oligarchs of the Indian economy have decided to parcel out the entire media industry between them, leaving no room for independent players. The DUJ said: “Cross-media holdings and media monopolies ensure that the views of the government and big business are replicated without deviation across channels. Both during the CAA protests and the farmers' struggle, people loudly questioned the propaganda blitzkrieg by these channels.” “As professional journalists, we are deeply disappointed and discouraged by the hostile takeover of the last independent mainstream TV channel.

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History of this topic

Adani Acquires Majority Stake in News Agency IANS
1 year ago

Adani Acquires Majority Stake in News Agency IANS

News 18  

Billionaire Gautam Adani’s group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space. In a regulatory filing, Adani Enterprises — the firm that holds the group’s media interest — said its subsidiary “AMG Media Networks Ltd has acquired a 50.50 per cent stake …

NDTV Q2 Results: Net profit drops 51% to ₹6 crore on lower advertising spends
1 year, 2 months ago

NDTV Q2 Results: Net profit drops 51% to ₹6 crore on lower advertising spends

Live Mint  

NDTV Q2 Results: New Delhi Television Ltd, part of the Adani Group, announced its July-September quarter results for fiscal 2023-24, reporting a drop of 51 per cent in net profit at ₹6 crore, compared to ₹12 crore in the corresponding period last year. The media company's revenue from operations in the second quarter of current fiscal declined 10 per cent …

Adani-owned NDTV share price down over 1% as Q4FY23 net profit slumps 97%
1 year, 7 months ago

Adani-owned NDTV share price down over 1% as Q4FY23 net profit slumps 97%

Live Mint  

Shares of New Delhi Television Ltd trades flat during Tuesday's session. On Monday, the company reported 97.5% decline in Q4FY23 net profit. In comparison to a consolidated net profit of ₹24.16 crore in the comparable quarter last fiscal year, the media company's net profit for the quarter that ended March 2023 was ₹59 lakhs. AMG Media Networks Ltd, through its …

NDTV Q4: Firm posts 97% decline in net profit to ₹59 lakh
1 year, 7 months ago

NDTV Q4: Firm posts 97% decline in net profit to ₹59 lakh

Live Mint  

Media firm New Delhi Television Ltd on Monday reported 97.5 per cent decline in net profit at ₹59 lakhs for the quarter that ended March 2023. NDTV has reduced the external borrowings, to ₹3 crore in the quarter under review from ₹9 crores last year The cash and cash equivalents stood at ₹103.6 crore for the quarter ended March 2023, …

Aman Kumar, Adani Group's brand custodian, resigns from NDTV board
1 year, 8 months ago

Aman Kumar, Adani Group's brand custodian, resigns from NDTV board

Hindustan Times  

Adani group's corporate brand custodian and head of corporate affairs Aman Kumar Singh, who is facing a corruption charge in Chhattisgarh, has resigned from the board of NDTV Ltd due to other preoccupations. When Adani took control of NDTV, Singh was one of the directors the Adani group appointed to the board of the news broadcaster. In a stock exchange …

NDTV founders sell their stake to billionaire Adani: ‘All suggestions we made were accepted’
2 years ago

NDTV founders sell their stake to billionaire Adani: ‘All suggestions we made were accepted’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The founders of New Delhi …

NDTV founders to sell most of their stake in broadcaster to Adani Group
2 years ago

NDTV founders to sell most of their stake in broadcaster to Adani Group

The Hindu  

NDTV founders Prannoy Roy and his wife Radhika Roy on December 23, 2022 said they will sell 27.26% out of their remaining 32.26% shareholding in the news broadcaster to Adani Group. This follows Adani Group becoming the single-largest shareholder in New Delhi Television Ltd after first buying out a company backed by the founders and then acquiring more shares from …

Billionaire Adani to own 65% of India’s NDTV as founders sell
2 years ago

Billionaire Adani to own 65% of India’s NDTV as founders sell

Al Jazeera  

NDTV founders Radhika and Prannoy Roy made several unsuccessful attempts to block the takeover by Gautam Adani. Indian billionaire Gautam Adani will control 64.71 percent of New Delhi Television Ltd as the company’s founders have decided to sell most of their shares, four months after he launched a takeover of the news network. Adani already held 37 percent of NDTV …

A channel acquired and dilemmas for the stakeholder
2 years ago

A channel acquired and dilemmas for the stakeholder

The Hindu  

Of the over 400 news channels in India the one I most regularly watch is NDTV, or New Delhi Television. So the likelihood that, fairly shortly, Gautam Adani will become NDTV’s majority stakeholder — with the power to significantly change the channel — is a matter of concern. The FT interview In an interview to the Financial Times in November, …

Indian billionaire Adani is now NDTV’s biggest shareholder
2 years ago

Indian billionaire Adani is now NDTV’s biggest shareholder

Al Jazeera  

The news network’s takeover has raised fears that one of the country’s last bastions of free press is under threat. Indian billionaire Gautam Adani’s conglomerate has raised its stake in New Delhi Television Ltd to more than 37 percent through an open offer, making it the biggest shareholder of one of the country’s most popular news networks. Although Adani’s group, …

Concerns over free press in India after NDTV’s Ravish Kumar quits
2 years ago

Concerns over free press in India after NDTV’s Ravish Kumar quits

Al Jazeera  

One of India’s most popular TV journalists quits the network recently acquired by a billionaire tycoon considered close to the BJP. The resignation of one of India’s most popular TV journalists from a network recently acquired by a billionaire tycoon close to the ruling party has sparked concerns over press freedom in the country. Radhika Roy Prannoy Roy Private Ltd …

Prannoy Roy, wife Radhika resign from NDTV board: Does Adani own the media network now?
2 years ago

Prannoy Roy, wife Radhika resign from NDTV board: Does Adani own the media network now?

Firstpost  

Prannoy Roy and his wife Radhika, founders of NDTV, have resigned as directors on the board of RRPR Holding, the promoter group vehicle of the media network. RRPR Holding, the promoter group vehicle of NDTV, holds 29.18 per cent stake in the company, which is being taken over by the Gautam Adani-led Adani Group. On 23 August 2022, the media …

Indian tycoon defends hostile takeover bid for broadcaster
2 years ago

Indian tycoon defends hostile takeover bid for broadcaster

Al Jazeera  

Indian billionaire Gautam Adani said he sees the takeover of prominent broadcaster New Delhi Television Ltd as a “responsibility” rather than a business opportunity, amid an outcry the acquisition will gag the press in the world’s largest democracy. “Independence means if government has done something wrong, you say it’s wrong,” said Adani, who is close to Prime Minister Narendra Modi. …

Adani Group's Open Offer For NDTV To Begin On October 17 And End On November 1
2 years, 3 months ago

Adani Group's Open Offer For NDTV To Begin On October 17 And End On November 1

ABP News  

Gautam Adani-led Adani Group will launch its open offer for acquiring an additional 26 per cent stake in news company New Delhi Television Ltd from October 17 to November 1, JM Financial, which is managing the offer, said in the Draft Letter of Offer filed with the Securities and Exchange Board of India. On August 23, Adani Group announced its …

Backdoor ambush: Adani attempts to acquire significant stake in NDTV
2 years, 3 months ago

Backdoor ambush: Adani attempts to acquire significant stake in NDTV

The Hindu  

Published : Sep 03, 2022 20:32 IST Extending a loan to launch a takeover of a company or an asset is the oldest trick in the asset acquisition playbook. This is what Adani’s media flagship company, AMG Media Networks Ltd., announced on August 23, giving the Roys just 48 hours to convert the warrants to shares. The Adani group’s latest …

Explained | What’s next on Adani’s proposal to acquire NDTV?
2 years, 3 months ago

Explained | What’s next on Adani’s proposal to acquire NDTV?

The Hindu  

The story so far: A battle to control the management of New Delhi Television Ltd., which operates one of the leading television news outlets in the country, is brewing between the Adani Group and the founders of NDTV. If the open offer made by the Adani Group entity is successful, NDTV would come under the control of billionaire Gautam Adani’s …

NDTV | The outlier in a noisy television news space
2 years, 3 months ago

NDTV | The outlier in a noisy television news space

The Hindu  

Merely hours after a Fitch Group unit, CreditSights, came up with a report that called the Adani Group “deeply overleveraged” and that the group’s “overly ambitious debt-funded growth plans could… spiral into a massive debt trap”, the Adani Group, in an unrelated press release, said it had made a bid to take over NDTV by first indirectly acquiring a 29.18% …

Adani Group says regulatory nod not needed for NDTV share acquisition
2 years, 3 months ago

Adani Group says regulatory nod not needed for NDTV share acquisition

Hindustan Times  

Adani Enterprises said on Friday that regulatory restrictions are not applicable to New Delhi Television Ltd's top shareholder RRPR Holding Private Limited owned by founder Radhika and Prannoy Roy and they cannot 'legally' prevent share allotment to Adani Group. New Delhi Television Ltd's founders Prannoy Roy and Radhika Roy tried to block Adani's attempt to acquire majority stake in the …

Bitter takeover battle between Adani and news network NDTV
2 years, 3 months ago

Bitter takeover battle between Adani and news network NDTV

Live Mint  

When India's richest man Gautam Adani this week unveiled plans for his firm to control a majority stake in New Delhi Television, it was the stealth approach in executing the transaction that drew most attention in the news industry. But NDTV, one of nation's most popular news networks, is seeking to block the takeover attempt by the billionaire tycoon's group, …

NDTV seeks to block Adani takeover on regulatory issues
2 years, 3 months ago

NDTV seeks to block Adani takeover on regulatory issues

Hindustan Times  

India's New Delhi Television Ltd on Thursday sought to block Gautam Adani's attempt to acquire a majority stake in the news network, saying regulatory restrictions meant the bid from the billionaire tycoon's group could not proceed. In a stock exchange filing, NDTV said its founders Prannoy and Radhika Roy have since 2020 been barred from buying or selling shares in …

Congress says acquisition of NDTV is aimed at stifling independent media
2 years, 3 months ago

Congress says acquisition of NDTV is aimed at stifling independent media

The Hindu  

The Congress on Wednesday targeted Prime Minister Narendra Modi’s “khaas dost” after reports emerged that the Gautam Adani-led Adani group has launched a hostile takeover of New Delhi Television and described the move as an attempt to stifle the media. “The news of a deeply over-leveraged company owned by the PM’s ‘khaas dost’ making a hostile takeover bid of a …

NDTV surges to 14-year high on Adani move
2 years, 3 months ago

NDTV surges to 14-year high on Adani move

The Hindu  

Shares in India's NDTV Ltd jumped the maximum permitted 5% to a 14-year high on Wednesday, after billionaire Gautam Adani's conglomerate moved to take a near 30% stake in the media group that could eventually lead to it taking control. New Delhi Television's shares surged far beyond the price Adani Group said it would pay in a subsequent mandatory open …

‘Hostile Takeover’: How Adani Group Acquired Stake In NDTV | EXPLAINED
2 years, 3 months ago

‘Hostile Takeover’: How Adani Group Acquired Stake In NDTV | EXPLAINED

ABP News  

Gautam Adani-led Adani Group’s media arm on Tuesday said that it will acquire a 29.18 per cent stake in New Delhi Television Ltd. A short history about VCPL Vishvapradhan Commercial Private Limited or VCPL, which was set up in 2008, was at the heart of Adani Group’s two-stage plan to snap up a majority stake in NDTV. On Tuesday, Adani …

Explainer: How Adani Group moved stealthily to acquire NDTV stake
2 years, 4 months ago

Explainer: How Adani Group moved stealthily to acquire NDTV stake

Live Mint  

When India's richest man Gautam Adani unveiled plans for his firm to control a majority stake in New Delhi Television on Tuesday, it was the stealth approach in executing the transaction that drew most attention in the news industry. A COMPANY CALLED VCPL At the heart of Adani Group's two-stage plan to snap up a majority stake in NDTV is …

NDTV stock rises 5%; hits upper circuit limit after Adani group's takeover bid
2 years, 4 months ago

NDTV stock rises 5%; hits upper circuit limit after Adani group's takeover bid

Firstpost  

In a move that has significant ramifications for the media landscape, billionaire Gautam Adani on Tuesday launched a hostile bid to take over NDTV, first with an indirect acquisition of 29.18 per cent stake in the broadcaster followed by an offer to buy out a further 26 per cent controlling stake New Delhi: NDTV’s share price rose 5 per cent, …

NDTV shares jumped 5 % to hit highest trading limit after takeover news
2 years, 4 months ago

NDTV shares jumped 5 % to hit highest trading limit after takeover news

Hindustan Times  

Shares of NDTV jumped 5 per cent to a 14 year high to hit their highest trading permissible limit for the day on Wednesday after Adani group launched a bid to take over the media company. The stock of NDTV which has a market valuation of about $300 million, climbed 5 per cent to ₹384.50 -- its upper circuit limit …

Move to stifle any semblance of independent media: Congress on Adani's NDTV stake
2 years, 4 months ago

Move to stifle any semblance of independent media: Congress on Adani's NDTV stake

The Hindu  

The Congress on Wednesday targeted Prime Minister Narendra Modi’s “khaas dost” after reports emerged that the Gautam Adani-led Adani group has launched a hostile takeover of New Delhi Television and described the move as an attempt to stifle the media. “The news of a deeply over-leveraged company owned by the PM’s ‘khaas dost’ making a hostile takeover bid of a …

‘…is nothing but…’: What Congress said on Adani’s hostile takeover bid for NDTV
2 years, 4 months ago

‘…is nothing but…’: What Congress said on Adani’s hostile takeover bid for NDTV

Live Mint  

With billionaire Gautam Adani launching a hostile takeover of NDTV, the Congress today alleged that the bid by a company owned by Prime Minister Narendra Modi's 'khaas dost' is a brazen move to control and stifle any semblance of an independent media. In reference to the development, Congress general secretary Jairam Ramesh tweeted, "The news of a deeply over-leveraged company …

Congress' Jairam Ramesh on Gautam Adani's 'hostile takeover' of NDTV
2 years, 4 months ago

Congress' Jairam Ramesh on Gautam Adani's 'hostile takeover' of NDTV

Hindustan Times  

India's opposition leaders on Wednesday expressed concern over billionaire Gautam Adani's takeover bid for popular New Delhi Television with an indirect acquisition of a 29.18 per cent stake in the media giant followed by an offer to buy out a further 26 per cent controlling stake. In an obvious reference to Gautam Adani who has a decades-long relationship with Prime …

Congress' Jairam Ramesh on Gautam Adani's 'hostile takeover' of NDTV
2 years, 4 months ago

Congress' Jairam Ramesh on Gautam Adani's 'hostile takeover' of NDTV

Hindustan Times  

India's opposition leaders on Wednesday expressed concern over billionaire Gautam Adani's takeover bid for popular New Delhi Television with an indirect acquisition of a 29.18 per cent stake in the media giant followed by an offer to buy out a further 26 per cent controlling stake. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In an obvious reference to Gautam Adani who has a …

All about Adani’s media entity that bought 29.18% stake in NDTV
2 years, 4 months ago

All about Adani’s media entity that bought 29.18% stake in NDTV

Live Mint  

Adani Group on Tuesday indirectly acquired a 29.2% stake in New Delhi Television Ltd by buying VCPL, and offered to buy another 26% from the open market, NDTV said the move to take control of the media company's major shareholder was without consent from the firm or its founders. This acquisition marked “a significant milestone" for AMG Media Networks Ltd. …

Indian tycoon’s bid for broadcaster stokes media freedom concerns
2 years, 4 months ago

Indian tycoon’s bid for broadcaster stokes media freedom concerns

Al Jazeera  

NDTV says the move by billionaire Gautam Adani came ‘without any discussion’ with the broadcaster or its founders. An Indian billionaire close to Prime Minister Narendra Modi is trying to buy a broadcaster seen as the last major critical voice on television, stoking fears about media freedom in the world’s largest democracy. NDTV said that the move came “without any …

Indian tycoon Adani bids for NDTV in potential hostile takeover
2 years, 4 months ago

Indian tycoon Adani bids for NDTV in potential hostile takeover

Al Jazeera  

One of the nation’s most popular news organisations, NDTV said the bid came without the consent of its founders. While Adani did not disclose financial details of the group’s planned 29.18 percent stake purchase, it said its subsequent open offer would be for 294 Indian rupees per NDTV share, which would be worth 4.93 billion Indian rupees. Elara Capital said …

Adani Group to acquire 29.18% stake in NDTV: Things to know about AMNL
2 years, 4 months ago

Adani Group to acquire 29.18% stake in NDTV: Things to know about AMNL

Hindustan Times  

Gautam Adani-controlled AMG Media Networks Limited on Tuesday announced that it will buy a majority stake in New Delhi Television. The group said it will indirectly acquire 29.18% stake in NDTV and launch an open offer for acquiring another 26% to get a majority stake in the media company. Adani Group to acquire 29.18% stake in NDTV: Things to know …

Adani entity’s move to acquire 29.18% stake without consent, says NDTV
2 years, 4 months ago

Adani entity’s move to acquire 29.18% stake without consent, says NDTV

Live Mint  

Hours after Adani Group, indirectly acquired a 29.2% stake in New Delhi Television Ltd, and offered to buy another 26% from the open market, NDTV said the move to take control of the media company's major shareholder was without consent from the firm or its founders. Billionaire Gautam Adani's conglomerate will buy a majority stake in NDTV, marking its most …

Gautam Adani makes foray into news channel space; set to acquire NDTV
2 years, 4 months ago

Gautam Adani makes foray into news channel space; set to acquire NDTV

Firstpost  

The owners of New Delhi Television Ltd said they were completely unaware of the takeover until Tuesday, and that it was done without their consent or any discussion. The particular company had loaned Rs 250 crore to NDTV in 2008-09 and the Adani group firm now exercised the option to convert that debt into a 29.18 percent stake in the …

Adani Group to acquire 29% in NDTV, says will launch open offer for another 26% stake
2 years, 4 months ago

Adani Group to acquire 29% in NDTV, says will launch open offer for another 26% stake

Hindustan Times  

Ahmedabad: Adani Group subsidiary, AMG Media Networks Limited, on Tuesday announced that it will indirectly acquire a 29.18% stake in media and news broadcaster New Delhi Television and launch an open offer to acquire another 26%. AMNL’s wholly-owned subsidiary Vishvapradhan Commercial Private Limited has exercised the rights to acquire 99.5% of the equity shares of RRPR Holding Private Limited, a …

Adani Group to buy 29.2% stake in NDTV, launch open offer for another 26%
2 years, 4 months ago

Adani Group to buy 29.2% stake in NDTV, launch open offer for another 26%

Hindustan Times  

India's Adani Group said on Tuesday its media unit will buy a majority stake in New Delhi Television, one of nation's most popular, in the most high-profile bet by billionaire Gautam Adani in the vibrant media sector. Adani to buy 29.2% stake in NDTV, launch open offer for another 26% Adani's unit will indirectly buy a 29.18% stake in New …

Adani group makes bid to take over NDTV
2 years, 4 months ago

Adani group makes bid to take over NDTV

The Hindu  

Over the past month and a half, the NDTV stock has more than doubled from ₹164.6 on July 6, and ended Tuesday’s trading session 2.61% up at ₹366.20 on the Bombay Stock Exchange. Adani Enterprises, in its submission to exchanges, said that VCPL is a wholly owned subsidiary of AMNL and has exercised its right to convert 19,90,000 warrants into …

Adani Group to acquire 29.2% stake in NDTV, launches open offer
2 years, 4 months ago

Adani Group to acquire 29.2% stake in NDTV, launches open offer

Live Mint  

AMG Media Networks Limited, a subsidiary of the Adani group, will indirectly acquire a 29.18% stake in New Delhi Television Ltd and launch an open offer for another 26% stake in the media house, the Adani Group said in a statement. Adani entities made ₹493-crore open offer for 26% stake in NDTV at ₹294 per share. The Adani group entities …

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