Ndtv

Adani Group brand custodian Aman Kumar Singh resigns from NDTV board

Adani group's corporate brand custodian and head of corporate affairs Aman Kumar Singh, who is facing a corruption charge in Chhattisgarh, has resigned from the board of NDTV Ltd due to other preoccupations. In a stock exchange filing, New Delhi Television Ltd last week said, "Aman Kumar Singh has tendered his resignation from the position of non-executive director of the company, with effect from close of business hours on April 1, 2023, due to his preoccupation with other engagements". Singh, a former Indian Revenue Service Officer, was a powerful bureaucrat in the Raman Singh-led BJP government in Chhattisgarh and was the principal secretary to the chief minister. He resigned from service and joined the Adani group in November 2022 as the Corporate Brand Custodian and Corporate Affairs head. And when Adani took control of NDTV, Singh was one of the directors the Adani group appointed to the board of the news broadcaster. In February 2020, the economic offences wing (EOW) of ...

Adani Transmission, Adani Ports exposed to contagion risks: Fitch Ratings

Most Adani group stocks recovered some lost ground on Wednesday after a heavy sell-off a day earlier amid reports of the group's ability to service the debt levels.

NDTV appoints ex-Sebi chief UK Sinha, Welspun CEO as independent directors

Adani group-owned NDTV Ltd on Monday said it has appointed former Sebi Chairman Upendra Kumar Sinha and Welspun India Ltd CEO and MD Dipali Goenka as Independent Directors. The Board has approved the appointment of Sinha and Goenka with immediate effect, said a regulatory filing by the news broadcaster. Both of them have been appointed as Additional Directors in the capacity of Non-Executive Independent Directors with effect from March 27, 2023, for two years, up to March 26, 2025, NDTV said. The appointments are subject to approval in the ensuing general meeting of the company and the Ministry of Information & Broadcasting, it added. The board approved their appointments "in line with the Adani Group's objective to ensure complete independence and professionalism of the Board of Directors of New Delhi Television Ltd", the filing added. Sinha, a former bureaucrat, served as the Chairman of the Securities and Exchange Board of India (Sebi) between 2011 and 2017. Before this, he wa

Adani Green Energy, NDTV to move to ASM stage-1 framework from Monday

Leading bourses NSE and BSE on Friday said two Adani group stocks -- Adani Green Energy and NDTV -- will be moved to the first stage of the long-term additional surveillance measures (ASM) framework from Monday. These securities will continue in the framework but will be moved from long-term ASM framework Stage II to Stage I from March 20, according to separate circulars. The move also comes close on the heels of the two exchanges excluding Adani Enterprises, Adani Power and Adani Wilmar under the short-term ASM on Thursday. Last week, both NSE and BSE announced that they had moved stocks of Adani Green Energy and NDTV to long-term ASM framework Stage II from Stage I. The parameters for shortlisting securities under the ASM framework include high-low variation, client concentration, number of price band hits, close-to-close price variation and price earning ratio. NSE and BSE said these companies have satisfied the criteria for inclusion under long-term additional surveillance ...

NDTV shares revised share-holding pattern with govt, says I&B minister

Ministry of Information and Broadcasting has shared the revised share-holding pattern and the names of proposed new directors of NDTV for security clearance with the Union home ministry, the Lok Sabha was informed on Tuesday. Adani Group gained control of NDTV last year by acquiring 64.71 per cent stake in the company. Information and Broadcasting Minister Anurag Thakur, in a written reply in the Lok Sabha, said M/s New Delhi Television Ltd. (NDTV) has intimated the ministry regarding change of its shareholding pattern in compliance with Clause 29 of the Policy Guidelines for Uplinking and Downlinking of Television Channels in India, 2022. "This ministry has shared the revised shareholding pattern of the company with the Ministry of Home Affairs for security clearance," he said, responding to a question from Congress member Manish Tewari. "Further, M/s NDTV has also submitted the details of its proposed new Directors to this Ministry. The list of the proposed new Directors as ...

Stocks to Watch: Bharti Airtel, Hero Moto, Adani Green, Ambuja Cement, NDTV

Stocks to Watch: Airtel reported a 91.5 per cent year-on-year rise in consolidated net profit; Adani Green Energy's consolidated net profit more than doubled to Rs 103 crore in Q3

Adani-owned NDTV's profit more than halves for Q3 on advertising drop

Indian broadcaster New Delhi Television Ltd, part of the embattled Adani Group, said on Tuesday that profit had more than halved in the third quarter on weak advertising demand

Senior executives at NDTV quit, company says putting new team in place

Group president Suparna Singh, chief strategy officer Arijit Singh and chief technology officer Kawaljit Singh Bedi exit firm

After founders Roys, some more senior executives of NDTV step down

NDTV made several failed times to block the takeover, citing regulatory restrictions on moving shares

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 lifts payout for NDTV open offer to match payment to founders

Adani Enterprises said it will pay an additional Rs 48.65 per share to New Delhi Television Ltd investors who sold their shares to the conglomerate

Adani Enterprises buys shares from NDTV founders at 17% premium

Proxy advisory firms say premium now must be paid to all shareholders who participated in open offer

How Roys walked the talk

As the Roys have shown, dignity in the newsroom and respect for facts are the best equity in today's news bazaar. It's with this satisfaction that they must walk away, leaving NDTV in new hands

Adani group buys NDTV's promoters' stake at 17% premium, takes control

Adani group on Friday gained full control of news broadcaster NDTV after it acquired most of founders Prannoy Roy and Radhika Roy's stake at a premium of almost 17 per cent over the rate it paid to minority shareholders of the firm. Adani group now holds 64.71 per cent of New Delhi Television Ltd (NDTV), according to a regulatory filing. The group run by Asia's richest man Gautam Adani used RRPR Holdings Private Limited, a company that was founded by the Roys and bear their initials in its name, to buy 27.26 per cent shares from Prannoy Roy and Radhika Roy at a price of Rs 342.65 per share, it said. The price paid to Roys, which translates into Rs 602 crore, is almost 17 per cent premium to Rs 294 a share Adani Group had offered in an open offer to minority shareholders after taking control of RRPR Holdings. Shares of NDTV closed at Rs 345.60 apiece on the BSE. Issuing a statement, Adani group said subsequent to change in control, the Board of NDTV has been further strengthened wi

Adani's purchase of NDTV founders' stake may test acquisition rules

While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions - Adani's entry into NDTV 4 months ago was also via an indirect route

A deft legal manoeuvre helped Gautam Adani cement majority stake in NDTV

Adani's entry into NDTV four months ago was also via an indirect route - it could invoke the regulator's scrutiny on grounds that it is unfair to common shareholders

I owe my success to institutional reforms over 30 years: Gautam Adani

As both he and PM Modi are from the same state, it makes him the easy target of baseless allegations, says Adani

NDTV gains 5% as founders plan to sell 27.26% stake to Adani group

On Friday, founders Prannoy Roy and Radhika Roy said that they would sell 27.26 per cent out of their 32.26 per cent shareholding in the news broadcaster to the Adani Group

Top Headlines: Free PDS to 810 mn, founders exit NDTV, and more

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NDTV founders to sell 27.26% stake in NDTV to Adani group, keep 5%

Adani group will have nearly 65% shareholding in the media company; two additional directors appointed by Adani on NDTV board