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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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John Miller has been writing about science, gaming, and tech culture for over a decade. He’s a top-rated reviewer with extensive experience helping people find the best deals on tech and more.
