New Delhi: NDTV said in a statement on Tuesday that VCPL has acquired 99.50 per cent stake in RRPRH using warrants. In Waghara, he said that his founder had no consent in this stake. Let it be said that RRPRH had 29.18 percent stake in NDTV. With the purchase of RRPRH, this 29.18 percent stake in NDTV went to VCPL, which is affiliated to the Adani Group. In this way, now Adani Group’s stake in NDTV has increased to 29.18 percent.
NDTV’s statement comes shortly after the Adani Group bought a stake in NDTV on Tuesday. Adani Group has also made an open offer to buy more stake in this deal. AMG Network Ltd said in a statement that VLPC has acquired 99.5 per cent stake in RRPRH. In Waghara, he said that an open offer to buy NDTV’s 26 per cent stake in Waghara will become necessary in the course of the deal. According to the information, after this, three companies of Adani Group have placed an offer of about 193 crores against NDTV to buy about 26 percent stake. If the offer is accepted by NDTV, Adani Group’s total stake in NDTV will increase to 55 percent. With this he will be included in the list of NDTV’s highest receiving shareholders.
Without any discussion, the founder-promoters of New Delhi Television Limited (NDTV), Radhika and Pranaya Roy, were served with a notice by Vishwapradhan Commercial Private Limited (VCPL) stating that it (VCPL) had acquired RRPR Holding Private Limited (RRPRH). ) has gained control. This entity owns 29.18% of NDTV. It has been given two days to transfer all its equity shares to VCPL. VCPL has exercised its rights based on the loan agreement it entered into with NDTV founders Radhika and Pranaya Roy in 2009-10.
The Founders of NDTV and the Company wish to clarify that this exercise of rights by VCPL was executed without any input, communication or consent of the Founders of NDTV who, like NDTV, have been made aware of this exercise of rights. Only today. Just yesterday NDTV informed the stock exchanges that there has been no change in the shareholding of its founders.