he open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, said an advertisement by JM Financial, which is managing the offer.
If fully subscribed at a price of Rs 294 per share, the open offer will amount to Rs 492.81 crore,
On August 23, Adani group announced to acquire a 29.18 per cent stake in NDTV through the acquisition of VCPL, which holds a 99.99 per cent stake in RRPR Holding.
Following this Adani group firms – Vishvapradhan Commercial Private Limited (VCPL) along with AMG Media Networks and Adani Enterprises Ltd – have proposed to acquire an additional 26 per cent or 1.67 crore equity shares.
