The Latest Breaking News from RRPR

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 Adani group’s open offer to NDTV shareholders came to an end today, with 31.79 percent shares of the 167 lakh shares in the open offer subscribed. This is approximately 8.26 percent of the company’s total shares. 

The channel that has played a role in modernising India’s TV news reporting and has never shied away from taking critical positions on the government could be controlled by the Adani Group soon

Billionaire Gautam Adani-led Adani Group on Friday asserted that no prior approval was needed from market regulator SEBI to acquire 29 per cent stake in NDTV as stated by the media company founded and promoted by Prannoy Roy and Radhika Roy. Read more on Dynamite News:

Responding to disclosures by NDTV promoter RRPR Holding Private Limited, the Adani Group has said that the promoter’s contentions are “baseless” and “legally untenable”, and it is bound to “allot equity shares as specified in the warrant exercise notice”.

In a regulatory filing on Thursday, NDTV had contended that the Adani Group may not be able to complete its deal to buy RRPR Holdings as Prannoy, Radhika Roy have been restrained from dealing in securities by a 2020 SEBI order

Roys signal inability to meet two-day deadline set by Adani group for transfer of shares

Through an indirect deal, the media arm of Adani Enterprises, led by Gautam Adani, the fourth richest person in the world, will acquire nearly 30 percent of NDTV’s shares over the next two days. The deal has kicked in an open offer, under which the Adani group is open to…