 "Takeover")
On Tuesday, Gautam Adani-led Adani Group announced that it has acquired a 29.18 per cent stake in NDTV and will launch an open offer to acquire another 26 per cent soon. NDTV's owners have stated that it was done without their consent.
The acquisition has again brought forth the debate around hostile takeovers. While some call this acquisition an example of a hostile takeover, others disagree.
What is a hostile takeover?
A hostile takeover happens when a company (acquirer) sets its eye on another company (target) and goes on to acquire it without the
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