NDTV promoter group transfers 99.5% shares to Adani firm; stock jumps
Shares of NDTV rose 5% to ₹426.40 on the BSE.
Shares of NDTV rose 5% to ₹426.40 on the BSE.
It is clear that the RRPR letter lacks bona fides and has no merit or basis either in law or in fact and is misconceived, says Adani Group.
The contentions raised by NDTV are baseless, legally untenable and devoid of merit, says Adani Group.
SEBI approval is necessary for Adani Group entities to secure 99.5% interests in RRPR Holding, says NDTV.
The exercise of rights by Adani Group subsidiary VCPL was executed without any input from, conversation with, or consent of NDTV or its founders.
Adani Group subsidiary launches an open offer to acquire a 26% stake in NDTV for ₹294 per share.