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 .
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.