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Adani Group

Gautam-Adani
Adani becomes India's second largest cement player
IANS -
The value of the Holcim stake and open offer consideration for Ambuja Cements and ACC is $6.50 billion, which makes this the largest ever acquisition by Adani, and also India's largest ever M&A transaction in the infrastructure and materials space. Post the transaction, Adani will hold 63.15 per cent in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements).
NDTV
Setback for NDTV as I-T Dept says no bar on warrant conversion
IANS -
On 23.8.2022, Adani group's AMG Media Networks announced its subsidiary Vishvapradhan Commercial Private Ltd's (VCPL) decision to exercise its rights to acquire 99.5 per cent of equity shares of RRPR, the investment company of NDTV promoters - Prannoy Roy and Radhika Roy.
Adani-Group
Adani's open offer for NDTV shares to begin on Oct 17
IANS -
The Adani Group has made an open offer for 26 per cent stake in the satellite channel company NDTV at Rs 294 per share with a face value of Rs 4. The total outlay for Adani group for 26 per cent acquisition will be about Rs 492 crore. The open offer for 16,762,530 equity shares, representing 26 per cent of NDTV was made by Adani group's Vishvapradhan Commercial Private Ltd (VCPL) along with AMG Media Networks Ltd and Adani Enterprises Ltd.
Gautam-Adani
India needs to be self-reliant in semi-conductor technology: Gautam Adani
IANS -
Addressing the India Ideas Summit organised by US-India Business Council, he said that US' help would be critical in helping India become self-reliant in semi-conductor manufacturing. Due to global shortage of semi-conductor chips, which are vital for running everything from cars to computers to aircrafts and military equipments, industries are suffering, Adani said.
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Gautam-Adani
Building three giga factories in India for green energy value chain: Gautam Adani
IANS -
Speaking at an event where he was conferred the USIBC Global Leadership Award, Adani said this will extend from polysilicon to solar modules, complete manufacturing of Wind Turbines, and the manufacturing of Hydrogen Electrolyzers. "As a result, we will generate an additional 45 GW of renewable energy to add to our existing 20 GW capacity, as well as 3 million tonnes of hydrogen, all of which will be completed before 2030," Adani said.
Adani-Group
CARE Ratings places NDTV's bank facilities on 'credit watch', shares gallop
IANS -
Meanwhile, credit rating agency CARE Ratings has placed ratings assigned to NDTV's bank facilities on credit watch with developing implications following takeover decision by the Adani group. NDTV, which had postponed its 34th annual general meeting (AGM)to September 27 from the earlier fixed date of September 20, said it has completed the dispatch of notice for the shareholders meeting on September 3, 2022.
NDTV-Adani-Group-IT-department
Adani Group dismisses NDTV's contention of stake sale needing I-T Dept's nod
IANS -
In a regulatory filing with the Bombay Stock Exchange (BSE) on Wednesday, Adani Group described RRPR Holding's statement as misconceived and misleading and has asked the NDTV promoter group entity to convert the warrants into equity shares. Adani Group's letter to BSE came after RRPR Holding informed Vishvapradhan Commercial Private Limited (VCPL, an indirect subsidiary of Adani Enterprises) that its (RRPR Holding's) stakeholding in NDTV has been provisionally attached by the Income Tax authorities and requires their (I-T department's) approval for transfer.
Adani-Group
Now NDTV founders claim IT Dept should clarify on Adani group's loan conversion into equity
IANS -
On August 23, Vishvapradhan Commercial, in a notice to RRPR Holding, intimated that it was exercising its right to convert warrants issued to it in 2009 into equity shares. The conversion of warrants into equity would lead to Vishvapradhan Commercial gaining control of 99.5 per cent of RRPR Holding that holds 29.18 per cent stake in NDTV.
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N-D-TV
NDTV scrip galloping since Adani's open offer
IANS -
The scrip has been on the upswing since August 23, the day on which the Adani group's AMG Media Networks announced its subsidiary Vishvapradhan Commercial Private Ltd's (VCPL) decision to exercise its rights to acquire 99.5 per cent of equity shares of RRPR Holding Private Ltd, the investment company of NDTV promoters - Prannoy Roy and Radhika Roy.
N-D-TV promoter RRPR Holding writes to SEBI on warrant conversion by Adani group company
NDTV promoter RRPR Holding writes to SEBI on warrant conversion by Adani group company
IANS -
In a regulatory filing on Monday, NDTV said the founders Radhika and Prannoy Roy have informed the company that RRPR Holding has written to Securities and Exchange Board of India (SEBI) on Sunday to determine whether the regulator's order of November 27, 2020 restricts conversion of warrants issued to Vishvapradhan Commercial into equity.
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