Adani stocks slide again, flagship Adani Enterprises slumps 7% 

Adani stocks slide again, flagship Adani Enterprises slumps 7% 

File photo of Adani Group building at Adani Shantigram near Ahmedabad. | Photo Credit: Vijay Soneji Shares of Adani Group companies fell on Tuesday with flagship Adani Enterprises Ltd. slumping 7% on the BSE amid fresh concerns about debt repayment at the highly leveraged conglomerate. Other group companies including Adani Green Energy, Adani Total Gas, […]

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NDTV appoints former SEBI chairman U.K. Sinha, Welspun India CEO Dipali Goenka as independent directors

NDTV appoints former SEBI chairman U.K. Sinha, Welspun India CEO Dipali Goenka as independent directors

Upendra Kumar Sinha. File. | Photo Credit: Kamal Narang Former Securities Exchange Board of India (SEBI) chairman Upendra Kumar Sinha has been appointed as an independent director and non-executive chairperson of the NDTV board of directors, the company informed stock exchanges on March 27. Welspun India CEO Dipali Goenka has also been appointed as an […]

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Adani group acquires NDTV founders Roys’ 27.26% equity stake 

Adani group acquires NDTV founders Roys’ 27.26% equity stake 

Prannoy Roy, Chairman of NDTV. | Photo Credit: Rajeev Bhatt The Adani Group on Friday said it has acquired a 27.26% equity stake in NDTV from Prannoy Roy and his wife Radhika Roy, founders of the news broadcaster. “RRPR, an indirect subsidiary of the company and member of the promoter/promoter group of NDTV, has acquired a […]

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Adani group’s NDTV open offer subscribed 32%; poised to be largest shareholder

Adani group’s NDTV open offer subscribed 32%; poised to be largest shareholder

Billionaire Gautam Adani’s group has found investors willing to sell over 53 lakh shares of NDTV despite the deep discount to the stock’s current trading price, giving it the rights — which it may or may not exercise — to nominate a chairman of the broadcaster. The open offer, made after Adani group acquired a […]

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Adani group’s ₹493 crore open offer for NDTV to start from November 22

Adani group’s ₹493 crore open offer for NDTV to start from November 22

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. File. | Photo Credit: Reuters Adani group’s open offer to acquire an additional 26% stake in the media firm New Delhi Television (NDTV) from the market would start from Tuesday. The offer, for which […]

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‘I-T nod not needed for NDTV warrant conversion’

‘I-T nod not needed for NDTV warrant conversion’

NDTV cites letter from Adani’s VCPL informing it of Income Tax Department’s stand NDTV cites letter from Adani’s VCPL informing it of Income Tax Department’s stand RRPR Holding, the promoter group firm of NDTV, does not require any approval from the Income Tax Department for the conversion of warrants into equity shares, Adani Group firm […]

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Gautam Adani | From a trader to the world’s third-richest

Gautam Adani | From a trader to the world’s third-richest

The Gujarat-­based industrialist, whose interests spread from ports and airports to power, media and telecom, has a net worth of $140 billion  The Gujarat-­based industrialist, whose interests spread from ports and airports to power, media and telecom, has a net worth of $140 billion  Industrialist Gautam Adani, who founded the ports-to-green energy Adani Group, last […]

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Adani Becomes World’s Third-Richest Person -first for an Asian

Adani Becomes World’s Third-Richest Person -first for an Asian

India’s Gautam Adani entered the top three in Bloomberg Billionaires Index’s ‘Top richest person in the world’ list, making it a first for an Asian India’s Gautam Adani entered the top three in Bloomberg Billionaires Index’s ‘Top richest person in the world’ list, making it a first for an Asian In yet another big milestone […]

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NDTV promoter entity, Adani write to SEBI, seek clarity on stake sale

NDTV promoter entity, Adani write to SEBI, seek clarity on stake sale

The media group’s promoters have asserted that the deal cannot go ahead without SEBI’s nod The media group’s promoters have asserted that the deal cannot go ahead without SEBI’s nod NDTV promoter entity RRPR Holding Private Ltd. and Adani Enterprises’ indirect subsidiary Vishvapradhan Commercial Private Ltd. (VCPL) have written to markets regulator SEBI seeking clarification […]

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NDTV promoter entity, Adani write to SEBI, seek clarity on stake sale

NDTV promoter entity, Adani write to SEBI, seek clarity on stake sale

The media group’s promoters have asserted that the deal cannot go ahead without SEBI’s nod The media group’s promoters have asserted that the deal cannot go ahead without SEBI’s nod NDTV promoter entity RRPR Holding Private Ltd. and Adani Enterprises’ indirect subsidiary Vishvapradhan Commercial Private Ltd. (VCPL) have written to markets regulator SEBI seeking clarification […]

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