Adani Group raises stake in news agency IANS

The media arm of India’s Adani Group on Wednesday said it increased its stake in IANS India by subscribing to fresh shares issued by the news agency worth Rs 5 crore ($601,801).

AMG Media Networks, a unit of Indian billionaire Gautam Adani’s flagship firm Adani Enterprises has increased its ownership of IANS shares with voting rights to 76%, and nearly all non-voting shares, up from 50.5% each earlier.