How Adani Group acquired NDTV: Explained

By Ankit Garg www.lifeactive.in

The Adani Group neared takeover of the television channel NDTV after the founders of the NDTV have resigned as the directors

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Prannoy Roy and his wife Radhika Roy, however, still hold a 32.26 per cent stake in NDTV as promoters and have not resigned from the board of the news channel.

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Much of the spotlight on Adani's two-stage takeover bid is on one, little-known Indian company VCPL .

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Vishvapradhan Commercial Pvt Ltd had loaned ₹403.85 crore to NDTV promoter company RRPR Holding Pvt Ltd.

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VCPL entitling it to convert them into a 99.9 per cent stake in RRPR in case it isn't paid-back.

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On August 23, the Adani group announced the acquisition of a 29.18% stake indirectly in NDTV

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RRPR, or Radhika Roy Prannoy Roy Holdings Private Limited is the promoter of NDTV.

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Thanks for watching

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