Adani declares his intent to make an open bid to NDTV

Adani Group said that it is committed to seeing the process through and has requested feedback from SEBI on its draught open offer letter

after missing the deadline for launching an open offer to purchase an additional 26% interest in NDTV.

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Adani group acquired a little-known firm in August in exchange for warrants that permitted the purchase of a 29.18% stake in NDTV at any moment.

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This company had financed the founders of NDTV more than Rs 400 crore more than ten years prior.

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the Adani group acquired, declared that it will launch an open offer on October 17 to acquire an additional 26% interest from NDTV's minority shareholders

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VCPL has requested SEBI "to offer its opinions on the Draft Letter of Offer filed in respect to the Open Offer, in compliance with the SEBI (SAST) Regulations

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according to a stock exchange filing by Adani Enterprises Ltd. At an offer price of Rs 294 per share, VCPL

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On the BSE, NDTV shares closed on Wednesday at Rs 332.90 a share, a 13% premium to the open offer price of Rs 294 per share.

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VCPL is committed to its vision and intends to move forward with the open offer in accordance with the provisions of the SEBI

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The company in charge of organising the offer, JM Financial, had already announced that the open offer will likely end on November 1.

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Adani Group said that it is committed to seeing the process through and has requested feedback from SEBI on its draught open offer letter

Credit: Google

after missing the deadline for launching an open offer to purchase an additional 26% interest in NDTV.

Credit: Google

Adani group acquired a little-known firm in August in exchange for warrants that permitted the purchase of a 29.18% stake in NDTV at any moment.

Credit: Google

This company had financed the founders of NDTV more than Rs 400 crore more than ten years prior.

Credit: Google

the Adani group acquired, declared that it will launch an open offer on October 17 to acquire an additional 26% interest from NDTV's minority shareholders

Credit: Google

VCPL has requested SEBI "to offer its opinions on the Draft Letter of Offer filed in respect to the Open Offer, in compliance with the SEBI (SAST) Regulations

Credit: Google

according to a stock exchange filing by Adani Enterprises Ltd. At an offer price of Rs 294 per share, VCPL

Credit: Google

On the BSE, NDTV shares closed on Wednesday at Rs 332.90 a share, a 13% premium to the open offer price of Rs 294 per share.

Credit: Google

VCPL is committed to its vision and intends to move forward with the open offer in accordance with the provisions of the SEBI

Credit: Google

The company in charge of organising the offer, JM Financial, had already announced that the open offer will likely end on November 1.

Credit: Google