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The Guardian - AU

World

Martin Farrer and agencies

Media freedom fears in India after Modi ally Adani buys 29% stake in NDTV

NDTV Gautam Adani Narendra Modi India

Indian billionaire Gautam Adani has bought a chunk of the NDTV network and is on track for a controlling stake. — Indian billionaire Gautam Adani has bought a chunk of the NDTV network and is on track for a controlling stake. Photograph: Amit Dave/Reuters

India richest man, Gautam Adani, has launched a hostile takeover of the country’s popular NDTV television network in a deal that has sparked concerns about the future of one of the media outlets prepared to criticise Narendra Modi’s government.

In a stunning coup that blindsided the network’s high-profile founders, a unit of Adani’s sprawling conglomerate said on Tuesday that it will be acquiring a 29.18% stake in NDTV in a complex deal involving one of the network’s investors.

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