Gautam Adani’s big deal, Adani Group to buy a stake in NDTV: Gautam Adani Group’s AMG Media Network Limited announced that it will buy a stake in media house NDTV. Adani Group will purchase a 29.18% share in NDTV i.e. New Delhi Television Limited. It will also acquire a 26% share in NDTV via an open sale.
This will give Adani a greater than 55% stake and make it the largest stakeholder in the media group. It is estimated that the deal will be worth around Rs 495 Crore. NDTV shares closed Tuesday at Rs 376.55, an increase of 5% from Tuesday.
Sanjay Puglia stated: Sanjay Puglia is the CEO and Senior Journalist at AMG Media Networks Ltd. He said that “this acquisition marks a significant milestone in the media industry’s progress.” We offer information and knowledge to Indian consumers and citizens. NDTV is the most suitable broadcast and digital platform to achieve our vision. We are looking forward to enhancing NDTV’s leadership position in news distribution.
Special Identity in Media Industry: Let’s tell you that NDTV has a strong media presence. The company, which has been a leader in the media sector for almost three decades, operates three national news channels: NDTV 24×7 and NDTV India. It has a strong online presence. It enjoys a large fan base on various social media platforms.