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Adani Group raises stake in IANS, subscribes to fresh shares worth Rs 5 crore

The Adani-owned AMG Media Networks Ltd has increased its stake in news agency IANS to 76 percent after subscribing to fresh shares worth Rs 5 crore, Reuters reported today.

According to Hindustan Times, the Adani group’s shareholding in IANS is 76 percent with voting rights and 99.26 percent without voting rights. The allotment of shares was approved by the IANS board at a meeting on January 16.

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One subscription that gives you access to news from hundreds of sites

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