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
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!
Monday saw the clarification from NDTV that they have no plans to sell their stake in the company.
In compliance with the requirements of Sebi's Regulations, VCPL will launch an open offer to acquire up 26% stake in NDTV.
NDTV recorded an impressive revenue of $421 million with a EBITDA value at 123 crore
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!