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HomeIndiaIndia's NDTV founders to transfer most of their stake to Adani

India’s NDTV founders to transfer most of their stake to Adani

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BENGALURU (Reuters) – Founders of New Delhi Television Ltd said on Friday they have decided to transfer most of their shares in the news network to billionaire Gautam Adani’s conglomerate.

Radhika and Prannoy Roy will sell a 27.26% stake in NDTV to Adani, giving the conglomerate control over 64.71% of NDTV, regulatory filings by NDTV showed.

(Reporting by Chris Thomas in Bengaluru; Editing by Devika Syamnath)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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