NDTV Founder Prannoy Roy Quits as Adani Takes Over

NDTV founders Prannoy Roy and Radhika Roy have resigned as Adani Group takes over the news media group.

NDTV's founder-backed entity has transferred shares to Adani Group, thus taking the Adani Group a step close to takeover completion.

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Adani Group already has a 29% indirect stake in NDTV. It has also launched an open offer to get additional 26% stake in NDTV.

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Adani's open offer to acquire NDTV will cost the conglomerate a whooping Rs. 493 cr.

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Adani the 3rd richest man in the world with a net worth of $136 billion, plans to create an international media group with NDTV acquisition.

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Did you know that billionaire Mukesh Ambani owns and operates the news broadcasting company Network18 Group.

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Adani has lately been on a buying spree with acquisitions in sectors like media, power, infra, cement, and more.

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Read Here - NDTV's Hostile Takeover by Adani Group

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