Ahmedabad, 6/12: Billionaire Gautam Adani’s conglomerate on Monday raised its stake in New Delhi Television Ltd to more than 37 per cent through an open offer, making it the biggest shareholder of one of the country’s most popular news networks.
Although Adani’s group was looking to take another 26 per cent stake in NDTV, the open offer attracted bids for just 53 lakh shares, translating to an 8.3 per cent interest in the company.
Last week, Adani acquired a stake of about 29.2 per cent in NDTV by buying a company backed by the television network’s founders, Radhika Roy and Prannoy Roy, who have a 32.3 per cent stake in NDTV.
Last week, Adani acquired a stake of about 29.2 per cent in NDTV by buying a company backed by the television network’s founders, Radhika Roy and Prannoy Roy, who have a 32.3 per cent stake in NDTV.