Adani Bid Fought by NDTV Amid Concerns Over Indian Press Freedom
- NDTV founders have said they were not aware of Adani buying in
- Adani Group acquired 29.2% indirectly, open offer for 26% more
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Billionaire Gautam Adani’s hostile attempt to take control of New Delhi Television Ltd. is fast turning ugly, as the media house pushes back against the acquisition bid that has inflamed concerns over the influence of powerful tycoons on the Indian press.
The first salvo NDTV, which produces and broadcasts news in English and Hindi, has fired in its defense is the assertion that Adani Group, the ports-to-power conglomerate owned by Asia’s richest person, needs approval from the Securities and Exchange Board of India to buy it.