Adani’s open offer for NDTV shares to begin on October 17

The date for tendering of shares by shareholders of NDTV to the Adani Group in pursuant to their open offer is fixed at October 17.

The Adani Group has made an open offer for 26 per cent stake in the satellite channel company NDTV at Rs 294 per share with a face value of Rs 4.

The total outlay for Adani group for 26 per cent acquisition will be about Rs 492 crore.

The open offer for 16,762,530 equity shares, representing 26 per cent of NDTV was made by Adani group’s Vishvapradhan Commercial Private Ltd (VCPL) along with AMG Media Networks Ltd and Adani Enterprises Ltd.