Adani rejects NDTV claims that stake sale needs tax nod

India’s Adani group rejected claims by New Delhi Television Ltd NSE 5.00 % that a major stake sale by its founders would require clearance from India’s tax authorities, as a public wrangle to take control of the popular news network intensified.

The Adani conglomerate run by India’s richest man, Gautam Adani, last week unveiled plans to acquire a majority stake in the news network, seen as bastion of independent media.