- The Roys would have collected Rs 602.30 crore from the sale of 1.75 crore shares based on the price paid by Adani Group.
- Under the Securities and Exchange Board of India (SEBI) (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the transfer of shares was accomplished through an interse transfer.
- Prior to the current transaction, RRPR held a 29.18% equity share in NDTV, whereas Vishvapradhan Commercial Private Limited, an indirect subsidiary of the corporation, owns an 8.27% equity portion. After the completion of the acquisition, RRPR will own 56.45% of the business.
- The transaction was completed on December 30, 2022, using the block deal window of the National Stock Exchange of India Ltd. The settlement is subject to exchange formalities and procedures.
- In August 2022, Adani Group purchased RRPR Holding Pvt Ltd indirectly, which sparked an open offer to purchase an additional 26% of NDTV.
- New Delhi Television (NDTV):
- Executive Co-Chairpersons- Dr. Prannoy Roy & Radhika Roy
- Headquarters- New Delhi, Delhi
- Establishment- 1988
- Adani Group:
- Chairman- Gautam Adani
- Headquarters- Ahmedabad, Gujarat
- Establishment- 1988
Question:
Q.1 The Adani group has recently purchased a ______ equity stake in NDTV?
a. 27.26%
b. 28%
c. 27%
d. 27.56%
a. 27.26%
b. 28%
c. 27%
d. 27.56%
