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The Latest Breaking News from VCPL

Adani takes control of NDTV, buys promoters at 17% premium to open offer price

NEW DELHI: Adani group on Friday gained full control of news broadcaster NDTV after it acquired most of founders -- Prannoy Roy and Radhika Roy -- stake at a premium of almost 17 per cent over the rate it paid to minority shareholders of the firm.

The Times of India

Who Owns Your Media: The saga of NDTV

The Adani group’s open offer for additional 26 percent shares of New Delhi Television Limited, or NDTV, that began tendering after over a month’s delay on November 22, 2022, finally came to a close yesterday. Managing to get 31.7 percent of the bid quantity, the group acquired 8.26 percent of…

Newslaundry

Prannoy Roy, Radhika Roy quit NDTV holding company, Adani arm gains control

MUMBAI: Marking a definitive turn in Adani Group's takeover of NDTV, both its founders Prannoy Roy and Radhika Roy on Tuesday resigned from the board of RRPR Holdings, the main holding entity of the promoters that owns a 29.2% stake in the media house. At the same time, three new…

The Times of India

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Adani open offer: Nearly 28 lakh NDTV shares tendered by day 3

NEW DELHI: Nearly 28 lakh shares were tendered by shareholders of NDTV under the Adani group's open offer at the end of the third day on Thursday.

The Times of India

Adani says committed to open offer for NDTV

NEW DELHI: Adani Group, which missed the date for the launch of an open offer to buy an additional 26 per cent stake in NDTV, on Wednesday said it is committed to completing the process and has asked Sebi to provide comments on its draft open offer letter.

The Times of India

SEBI takes NDTV to Supreme Court after tribunal reduces penalty for Roys

The Securities and Exchange Board of India has filed civil appeals before the Supreme Court against NDTV, its founder-promoters Prannoy Roy and Radhika Roy, and promoter-group vehicle RRPR.

Newslaundry

NDTV moves Supreme Court over SAT order ‘in its favour’

NDTV co-founders Radhika and Prannoy Roy have moved the Supreme Court for civil appeals against an order issued in July by the Securities Appellate Tribunal, or SAT.

Newslaundry

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NDTV invites VCPL to join application to Income Tax Department over shares

Adani Group unveiled plans last week to control a majority stake in NDTV

The Hindu

NDTV promoter entity, Adani write to SEBI, seek clarity on stake sale

The media group's promoters have asserted that the deal cannot go ahead without SEBI's nod

The Hindu

Takeover battle: NDTV promoter entity, Adani group approach Sebi on warrants conversion

NEW DELHI: Adani group and NDTV's promoter entity RRPR Holding Ltd have approached Sebi, seeking clarity on the applicability of the regulator's earlier order regarding the conversion of warrants into shares, a decisive factor in the hostile takeover battle for the media group.

The Times of India

What exactly does NDTV's loan agreement with Reliance-linked firm say?

Billionaire Gautam Adani is set to control at least 29 percent of NDTV for Rs 113 crore. The acquisition, announced last week, triggered an open offer for the Adani group to buy another 26 percent of the TV network for nearly Rs 490 crore – 16,762,530 shares at Rs 294…

Newslaundry

NDTV: the hostile takeover

Large conglomerates owning media units might crimp editorial independence

The Hindu

NDTV | The outlier in a noisy television news space

The channel that has played a role in modernising India’s TV news reporting and has never shied away from taking critical positions on the government could be controlled by the Adani Group soon

The Hindu

RRPR bound to allot equity, its contentions legally untenable: Adani Group

Responding to disclosures by NDTV promoter RRPR Holding Private Limited, the Adani Group has said that the promoter’s contentions are “baseless” and “legally untenable”, and it is bound to “allot equity shares as specified in the warrant exercise notice”.

Newslaundry

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The Hindu

Adani group asserts RRPR is bound to transfer NDTV shares to VPCL

In a regulatory filing on Thursday, NDTV had contended that the Adani Group may not be able to complete its deal to buy RRPR Holdings as Prannoy, Radhika Roy have been restrained from dealing in securities by a 2020 SEBI order

Dynamite News

Adani Group needs SEBI approval to acquire majority stake in the news channel: NDTV

The media company said, Adani Group would need to take approval from market regulator Securities and Exchange Board of India (SEBI) to complete the transaction. Read more on Dynamite News:

The Hindu

Adani stake in NDTV | Promoters cite SEBI ban on dealing in shares

Roys signal inability to meet two-day deadline set by Adani group for transfer of shares

Newslaundry

‘NDTV will change fundamentally’: What the news industry makes of the Adani takeover

All calls to NDTV staff on Wednesday were rather short. Asked to comment on the Adani group’s acquisition of their TV network, they declined to speak, even off the record. Coaxing did not help. Several anchors at NDTV 24x7, the network’s flagship English news channel, said they had nothing to…

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The Times of India

NDTV stock rises 5%; hits upper circuit limit on Adani group takeover bid

NEW DELHI: NDTV's share price rose 5 per cent, hitting the upper circuit in opening trade on Wednesday, a day after the Adani group launched a hostile bid to take over the media house.

The Times of India

Adani buys 29% in NDTV, to make open offer for 26%

MUMBAI: In a transaction that drew an adverse reaction from the promoters of New Delhi Television (NDTV), the media arm of the Adani Group announced the acquisition of a 29% stake in the company.

Newslaundry

How Adani is taking over NDTV without consulting the Roys

Through an indirect deal, the media arm of Adani Enterprises, led by Gautam Adani, the fourth richest person in the world, will acquire nearly 30 percent of NDTV’s shares over the next two days. The deal has kicked in an open offer, under which the Adani group is open to…

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