In a statement, NDTV said the exercise of the right by VCPL was executed without any input of the company or its founders. 'RRPR is a promoter group company of NDTV and holds a 29.18 per cent stake in NDTV,' the statement said. Watch NDTV Good Times India-Based Lifestyle. Such acquisition will result in VCPL acquiring control of RRPR. From the path-breaking The World This Week (nominated as one of Indias 5 best television programs since independence), to first private news on Doordarshan The News Tonight, to producing Indias first 24-hour news channel Star News, NDTV has been in the forefront of every single news revolution. VCPL has exercised warrants to acquire 99.5 per cent in RRPR,' it said. 'AMVL's wholly-owned subsidiary Vishvapradhan Commercial Pvt Ltd (VCPL) holds warrants of RRPR Holding Pvt Ltd (RRPR) entitling it to convert them into a 99.9 per cent stake in RRPR. Last year, Adani Media Ventures Ltd (AMVL), the media arm under the group's flagship Adani Enterprises Ltd (AEL), had acquired the digital business news platform Quintillion Business Media Pvt Ltd (QBM). The channel won 2 times the Best English News Channel Award, at the Indian Television Academy Awards. Subsequently, it has launched an open offer for another 26 per cent stake, the group said in a statement. NDTV 24x7 (New Delhi Television Limited) is a commercial news and current affairs TV channel, based in New Delhi). The particular company had loaned Rs 250 crore to NDTV in 2008-09 and the Adani group firm now exercised the option to convert that debt into a 29.18 per cent stake in the news channel company. We should be worried!'Īn Adani Group firm first acquired a company that in the past was linked to rival billionaire Mukesh Ambani. ndtv,ndtv live,ndtv live hindi,ndtv live 24x7 english news,ndtv india live,ndtv india,ndtv news,ndtv live hindi news,ndtv news live,ndtv hindi,ndtv pri. Almost the last bastion of Independent journalism being taken over by industry. Besides, he also launched an open offer to acquire an additional 26 from shareholders, as mandated by law. Reacting to the development, Rajya Sabha MP Kapil Sibal said on Twitter, 'NDTV -Adani to acquire 29%. In a significant development, Gautam Adani, Asia’s richest man, got into India’s media and entertainment industry as his company acquired a 29 stake in broadcaster NDTV Ltd. Ironical, that an outfit called 'Vishvapradhan' is closely involved!' Ramesh said in another tweet. 'What's mysterious is how a loan given by one of the ' Humare Do' is used as a weapon by the other member of the duo to trigger the hostile takeover of the television network.
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