The Latest Breaking News from NDTV

NEW DELHI: Adani group on Friday gained full control of news broadcaster NDTV after it acquired most of founders -- Prannoy Roy and Radhika Roy -- stake at a premium of almost 17 per cent over the rate it paid to minority shareholders of the firm.

The Adani Group on Friday said it had acquired 27.26 per cent equity stake in NDTV from the promoters -- Prannoy Roy and Radhika Roy -- indicating that the group had acquired the majority stake in the media firm. Read on ford details:

At 4 pm on December 23, a meeting took place in a building in Greater Kailash 1, Delhi. 

The Indian news broadcasting industry is primarily split into two fraternities at loggerheads with each other. But over the last few months, both of them have approached the country’s premier television ratings agency, asking it to fix its faulty TRP measuring system. Titans of Indian journalism, meanwhile, have continued to…

“NDTV will be a credible, independent, global network with a clear lakshman rekha between management and editorial,” said Adani Group owner Gautam Adani, in his first television interview since his conglomerate acquired NDTV.

Days after the Adani Group became the largest shareholder in NDTV, the network’s founders Prannoy Roy and his wife Radhika Roy have said that they will sell 27.26 percent of their remaining 32.26 percent shareholding to the conglomerate. 

One of NDTV’s biggest investors, LTS Investment Fund limited, sold over 3.2 lakh of its shares in the company network in a bulk deal on Friday. The shares were sold for Rs 366.65 each.

The Narendra Modi government released its media advertisement expenditure in the parliament earlier this week. Since it assumed power in 2014, the government has spent Rs 6,491 crore on advertisements in print and electronic media.

LTS Investment Fund Limited, a foreign portfolio investor in NDTV, sold over 5.46 lakh of its shares in the company network in a bulk deal on Wednesday. LTS, which held 9.75 percent of NDTV shares, sold the shares for Rs 358.53 each.

The Adani group’s open offer for additional 26 percent shares of New Delhi Television Limited, or NDTV, that began tendering after over a month’s delay on November 22, 2022, finally came to a close yesterday. Managing to get 31.7 percent of the bid quantity, the group acquired 8.26 percent of…

The news network’s takeover has raised fears that one of the country’s last bastions of free press is under threat.