What happened with the Adani and NDTV transaction? | In Focus podcast

Deepak Shenoy speaks to us on the details of the recent takeover between Adani and NDTV, and why the Adani group is doing this transaction.

September 01, 2022 06:59 pm | Updated 06:59 pm IST

Late last month, the Adani Group acquired Vishvapradhan Commercial Pvt. Ltd. (VCPL) which held warrants convertible to 29.18% stake in NDTV. As per SEBI rules, the Adani Group – having exercised the option to convert the warrants into equity stake – made an open offer to acquire 26% shares from public shareholders, offering Rs. 294 per share. On the date of the announcement, the shares were trading on the BSE at about Rs. 370. It is unlikely any shareholder would tender their shares at a discount to the market price. So, if there is no visibility to gaining majority control over the media firm, why did the Adani Group move to acquire the 29% stake? 

Guest: Deepak Shenoy, Founder and CEO, Capital Mind, an investment research and wealth management company

Host: Bharat Kumar K

Edited by Sharmada Venkatasubramanian

Listen to more In Focus podcasts:

Top News Today


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.