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On June 1, 2017, the firm informed its shareholders of the temporary suspension of normal business programming on the business news channel.
Other Adani group stocks, including Adani Energy Solutions, ACC, Ambuja Cement, and NDTV, also traded higher.
Prepayment of loan reverses the declining trend.
The acquisition was completed on December 30, 2022 on block deal window of NSE.
The Adani group, which already owns 29.18% of NDTV, has acquired an additional 8.26% of the media firm through an open bid
According to market experts, being the largest shareholder of NDTV would entitle Adani group to appoint at least two directors on the board including its chairperson.
RRPR Holding's board of directors has approved the immediate appointment of Sudipta Bhattacharya, Sanjay Pugalia, and Senthil Sinniah Chengalvarayan as Directors.
Stake transfer part of the condition in case promoter entity defaulted on Rs 400 crore loan
According to a statement on the Securities & Exchange Board of India's website on Monday, the SEBI has accepted the Adani Group's open offer, allowing Adani to purchase more equity from the media company's minority shareholders.
According to the group, it has now requested feedback from regulator SEBI on its draft open offer letter.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.