NDTV shares jump 5% as founders sell 27.26% stake to Adani Group
The Roys plan to sell 1.75 crore equity shares constituting 27.26% of the share capital in the news network to RRPR Holding .
The Roys plan to sell 1.75 crore equity shares constituting 27.26% of the share capital in the news network to RRPR Holding .
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.