The Adani Group on Friday acquired a majority stake in the media firm NDTV. Earlier Adani Group has a 27.26 percent equity stake in NDTV from the promoters — Prannoy Roy and Radhika Roy. “RRPR, an indirect subsidiary of Adani Enterprises and member of the promoter/promoter group of NDTV, has acquired a 27.26 percent equity stake in NDTV from Mr. Prannoy Roy and Mrs. Radhika Roy (“Sellers”) by way of inter-se transfer under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.” the Adani Group stated. However, now RRPR will hold a 56.45 percent equity stake in NDTV.
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