Adani Enterprises announced that RRPR Holding (RRPR), an indirect subsidiary of the Company and member of the promoter/promoter group of NDTV, has acquired 27.26% equity stake in NDTV from Prannoy Roy and Radhika Roy (Sellers) by way of inter-se transfer under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Vishvapradhan Commercial (an indirect subsidiary of the Company) holds 8.27% equity stake in NDTV and RRPR (prior to the present acquisition) held 29.18% equity stake in NDTV. Consequent to the present acquisition, RRPR will hold 56.45% equity stake in NDTV.
The acquisition was completed on 30 December 2022 on block deal window of NSE at a price of Rs 342.65 per share.
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