SEBI approves Adani’s open offer for 26% shares of NDTV


Markets regulator Sebi on Monday approved Adani Group’s open offer for 26% shares of broadcaster New Delhi Television Ltd, a takeover attempt that has raised concerns over eroding press freedom in the world’s largest democracy.

The Securities & Exchange Board of India approved Adani Group’s open offer, as per a statement on SEBI’s website, allowing Adani to buy more equity from the media firm’s minority shareholders. 

The conglomerate, owned by Asia’s richest man Gautam Adani, revised the offer’s roll out date to 22 November. It will close on 5 December, NDTV  had said last week.

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