NDTV open offer date 'indicative', subject to Sebi nod: Adani Enterprises

The tentative date for an open offer to acquire a majority stake in New Delhi Television (NDTV) is only 'indicative', and subject to approval from the Securities and Exchange Board of India (Sebi), Adani Enterprises said on Friday. The company also said that the open offer date could be revised accordingly.

The clarification came days after the company said its open offer for a 26 per cent stake in NDTV would tentatively open on October 17. This was triggered following acquisition of Vishvapradhan Commercial (VCPL), a lender to NDTV promoter company RRPR Holding, on August 23 by AMG Media Networks,