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On Friday, the Adani group fully took control of the news channel NDTV after purchasing the majority of the founders’ shares from Prannoy Roy and Radhika Roy for a premium of roughly 17% over the price it paid to the company’s minority shareholders.
According to a regulatory filing, the Adani group now owns 64.71% of New Delhi Television Ltd (NDTV).
The business created by the Roys and bearing their initials in its name, RRPR Holdings Private Limited, was utilised by the Gautam Adani-led group to purchase 27.26% of shares from Prannoy Roy and Radhika Roy for Rs 342.65 per share.
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