Adani and NDTV 
Dealstreet

Breaking: Cyril Amarchand Mangaldas on Adani's acquisition of stake in NDTV

Adani has also launched an open offer for another 26% stake

Bar & Bench

Adani Group through its subsidiary AMG Media Networks Limited will acquire 29.18% stake in NDTV and has launched an Open Offer for another 26% stake in the media house.

Cyril Amarchand Mangaldas is acting for Adani Group.

The Cyril Amarchand Mangaldas team is led by Managing Partner Cyril Shroff along with Partners L Vishwanathan, Ruetveij Pandya and Akila Agrawal.

Cyril Shroff , L Viswananathan, Ruetveij Pandya , Akila Agrawal

NDTV made its announcement to BSE about the acquisition. 26% shares of NDTV is being purchased at Rs. 294 per share amounting to 492.81 Crores.

Also Read

Eight years and nine benches later, Delhi High Court begins hearing Mastercard tax dispute afresh

Allahabad High Court acquits woman sentenced to death for killing her 3 children

Only case where ED proceeded on private complaint: Sonia and Rahul Gandhi to Delhi High Court on National Herald case

Kerala consumer court orders lift company to refund ₹2.69 lakh to retired High Court judge, wife

₹2,700 cancer medicine sold for ₹27,000: Supreme Court flags "broad daylight dacoity" of patients

SCROLL FOR NEXT