NDTV to give 2 board seats to Adani group firm

NDTV has offered billionaire Gautam Adani’s group two seats on its board of directors for the pre-open offer 29.18 per cent shareholding the ports-to-energy conglomerate had acquired in the broadcaster, according to a stock exchange filing. The Adani group acquired a 29.18 per cent stake in NDTV by buying a company backed by the television network’s founders, Radhika Roy and Prannoy Roy. Thereafter, it made an open offer to acquire an additional 26 per cent from public shareholders.