Adani firms to acquire 29.18% stake in NDTV 

The news that Adani Group-owned AMG Media Networks (AMNL) has acquired an indirect stake in NDTV

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triggered a bidding war amongst other investors, with many rushing to buy up shares.

The acquisition of 99.5% stake in RRPR by VCPL has resulted into a controlling position for this company

marking an important milestone towards achieving its goals with operations across India's vast telecoms market!

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Monday saw the clarification from NDTV that they have no plans to sell their stake in the company.

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In compliance with the requirements of Sebi's Regulations, VCPL will launch an open offer to acquire up 26% stake in NDTV.

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NDTV recorded an impressive revenue of $421 million with a EBITDA value at 123 crore

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and net profit valued 85 rupees in FY22. With this information, it's clear that NDTV is one company who knows how to manage their finances well!

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