Adani to pay Rs 26 cr to NDTV open offer sellers, match payment to founders

Will pay Rs 48.65 more per share as there was a difference between open offer price and that paid to Roys last week for additional stake, say proxy advisory firms

Adani Enterprises, the flagship company of the Adani group, on Tuesday said that it would pay Rs 48.65 more per share to investors who had tendered their shares in the recent open offer by the conglomerate for additional stake in New Delhi Television (NDTV). The open offer had begun on November 22 and concluded on December 5 and had seen investors tender a total of 5.32 million shares or a third of the open offer size of 16.7 million shares for Rs 294 apiece.

The latest payout, which works out to nearly Rs 26 crore, comes after the Adani group