The Adani group’s open offer to NDTV shareholders came to an end today, with 31.79 percent shares of the 167 lakh shares in the open offer subscribed. This is approximately 8.26 percent of the company’s total shares.
NDTV’s promoter, RRPR Holding Private Ltd, has already transferred 99.5 percent shares to Adani’s VCPL. So, along with the RRPR shares, the Adani group is now the majority shareholder in NDTV, holding 37 percent of the company. Until now, Radhika and Prannoy Roy had been NDTV’s largest shareholders with 32 percent.
