NDTV founders Prannoy Roy and Radhika Roy have resigned as Adani Group takes over the news media group.
NDTV's founder-backed entity has transferred shares to Adani Group, thus taking the Adani Group a step close to takeover completion.
Adani Group already has a 29% indirect stake in NDTV. It has also launched an open offer to get additional 26% stake in NDTV.
Adani's open offer to acquire NDTV will cost the conglomerate a whooping Rs. 493 cr.
Adani the 3rd richest man in the world with a net worth of $136 billion, plans to create an international media group with NDTV acquisition.
Did you know that billionaire Mukesh Ambani owns and operates the news broadcasting company Network18 Group.
Adani has lately been on a buying spree with acquisitions in sectors like media, power, infra, cement, and more.
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