NDTV’s loan agreement 2009: Lender, borrower to scout for ‘stable-reliable’ buyer for holding firm

Vishvapradhan Commercial Private Ltd, a little-known entity through which Adani Group has launched a hostile bid for NDTV Ltd, had an annual turnover of just Rs 60,000 few years back but it gave Rs 400 crore of interest-free loans to the broadcaster in 2009, as per Sebi orders.

Besides, the ‘loan agreement’ signed at that time with promoters of NDTV had a unique provision that “over the next 3 to 5 years, the borrower and the lender will look for a ‘stable’ and ‘reliable’ buyer of RRPR, who will maintain the brand and the credibility of NDTV”.