Adani Group company VCPL has picked up 8.27% stake via open offer, says NDTV

News broadcaster NDTV has disclosed that Adani Group firm Vishvapradhan Commercial Private Limited (VCPL) has acquired 8.27% of stake in the company in the recently concluded open offer.

The total shareholding of Adani has increased to 37.45% with the closure of the open offer. The open offer was triggered after VCPL acquired a 99.5% stake in RRPR Holding Private Limited (RRPR) which translated to 29.18% of the shareholding in the TV news company