Richest Asian Gautam Adani's group on Tuesday said it will pay an additional Rs 48.65 a share to NDTV stockholders who tendered their shares in its open offer to help match what it had paid to buy out a stake of the news broadcaster's founders. Adani Enterprises in a stock exchange filing said it will pay an additional Rs 48.65 per NDTV share to investors, who had sold their shares in an open offer between November 22 and December 5, taking the payout to Rs 342.65 a share and matching what it paid to buy Prannoy Roy and Radhika Roy's stake. Adani Group first acquired Vishvapradhan Commercial Private Limited, a little-known company that had given Rs 403 crore of an interest-free loan to RRPR Holdings - a company founded by the Roys and bore their initials in its name - in 2009-10 in exchange for warrants that allowed it to buy a stake in the newsgroup at any time.
News broadcaster New Delhi Television Ltd's (NDTV's) promoter firm RRPR Holding said on Monday that it had transferred shares constituting 99.5 per cent of its equity capital to Adani group-owned Vishvapradhan Commercial (VCPL). The transaction was done on Monday, RRPR Holding said in a disclosure to the stock exchanges, in consonance with a conversion notice, dated August 23, 2022, issued by VCPL. This follows the expiry of the two-year restraint imposed by the Securities & Exchange Board of India (Sebi) on November 26, it said.
NDTV founders Prannoy Roy and his wife Radhika Roy have resigned as the directors of promoter group vehicle RRPR Holding Private Limited as the Adani Group neared takeover of the television channel.
South Africa skittled England out for 149 on Friday to win the first Test by an innings and 12 runs inside three days at Lord's and go 1-0 up in the three-match series.
Three firms, Vishvapradhan Commercial Pvt Ltd along with AMG Media Networks and Adani Enterprises Ltd, have offered a price of Rs 294 for the acquisition of up to 1,67,62,530 fully paid-up equity shares of NDTV having a face value of Rs 4 from the public shareholders.
According to civic officials, some drilling work was in progress on the sixth floor.
NDTV promoter group firm RRPR Holding has told VCPL, which along with two other Adani group firms has launched a hostile takeover bid for the media firm, that its stakeholding in NDTV has been provisionally attached by the I-T authorities and require their approval for the transfer. The contention has been rejected by the Adani group, which termed it as "misconceived and misleading" statements while asking RRPR Holding to convert the warrants into equity shares. In a regulatory filing, NDTV said that its founders Radhika and Prannoy Roy have informed that RRPR Holding has intimated Adani group firm Vishvapradhan Commercial Pvt Ltd (VCPL) that the attachment of the shareholding, notified in 2018, shall remain in place until the completion of reassessment proceedings.
New Delhi Television (NDTV) has deferred its Annual General Meeting (AGM) by a week to September 27, the company said in a regulatory filing on Sunday. The AGM was originally scheduled to be held on September 20. The media company said that the deferment was due to the processes required after the notice and public announcement of the open offer made by Vishvapradhan Commercial (VCPL), an indirect subsidiary of Adani Enterprises, to its public shareholders.
Sealing their second T20 World Cup, England are now the first nation to hold both global white-ball trophies, having won the 50-over World Cup on home soil in 2019.
Bhuvneshwar (3-15) rocked England early in their pursuit of 171
The 42-year-old is holding a solid 55 per cent lead with the Oddschecker betting odds aggregator, followed by a 29 per cent chance of former prime minister Boris Johnson making a comeback. Third placed in what is emerging as a three-way contest is Leader of the Commons Penny Mordaunt, who had polled third in the first round of parliamentary votes to shortlist candidates for the last leadership race.
Richest Indian Gautam Adani's group, which has grown on acquisitions, has fairly solid fundamentals but debt-funded future acquisitions can start putting pressure on ratings, S&P Global Ratings said on Thursday. Starting out as a commodities trader in 1988, the Adani group has diversified from mines, ports and power plants into airports, data centres and defence. It recently forayed into the cement sector with a $10.5 billion acquisition of Holcim's India units and is also looking to set up an aluminium factory. Most of this expansion has been funded by debt.
Netherlands saw off a spirited effort from USA to seal a seven-wicket victory in their semi-final after restricting USA to 138 in 19.4 overs even as Zimbabwe held of a valiant PNG by 27 runs.
Battling a hostile takeover bid, NDTV's promoter entity RRPR Holding Ltd has sought clarity from Sebi on whether its earlier order bars the conversion of warrants issued to VCPL, now owned by the Adani group. Passing an order on November 27, 2020, the Securities and Exchange Board of India (Sebi) has restrained NDTV founders Radhika and Prannoy Roy to access the securities market for a period of 2 years. As restrictions are still in force, hence a prior written approval from Sebi was required for Vishvapradhan Commercial Private Limited (VCPL) for the exercise of the conversion option on the warrants, NDTV founders had said.
A 29-year-old NRI who recently came to Vadodara in Gujarat from South Africa has been found infected with the BA.5 sub-variant of the highly-transmittable Omicron variant of coronavirus, a health official said on Tuesday.
England swept to a dominant 118-run victory as they dismissed South Africa for a paltry 83 to win the second One-Day International at Old Trafford on Friday and square the three-match series at 1-1.
The Ranchi police arrested the suspended BJP leader after a case was registered against her at the Argora police station.
IMAGES from the Asia Cup Super 4s match played between Pakistan and Sri Lanka in Dubai on Friday.
The Mumbai police had registered the case against the man on June 13 and the Girgaon metropolitan magistrate's court passed its order acquitting him on June 16.
While Jaiswal's 41 may not seem that impressive, it set the tone for Rajasthan's innings, built a solid foundation and paved the way for the rest of the RR batters to go for the big hits in the slog overs.
Adani group on Friday rejected NDTV's assertion that Sebi approval is necessary to acquire interests in RRPR, saying the promoter entity is not a part of the regulator's order that restrained Prannoy and Radhika Roy from accessing the securities market. Terming the contentions raised by RRPR as "baseless, legally untenable and devoid of merit", Vishvapradhan Commercial Private Ltd (VCPL) said the holding firm is "bound to immediately perform its obligation and allot the equity shares" as specified in the Warrant Exercise Notice. In a regulatory update, Adani Enterprises Ltd said VCPL has received a reply on behalf of NDTV and RRPR over the Warrant Exercise Notice dated August 23, 2022.
'I was not scared because I knew I had not done anything wrong. And I was walking for a good cause.'
As much as 8 billion rubles (about Rs 1,000 crore) of dividend income belonging to Indian oil firms is stuck in Russia after the Putin administration clamped down on dollar repatriation, officials said on Friday. Indian state oil firms have invested $5.46 billion in buying stakes in four different assets in Russia. These include a 49.9 per cent stake in Vankorneft oil and gas field and another 29.9 per cent in TAAS-Yuryakh Neftegazodobycha fields.
The three-match T20I series thus ended 2-1 in favour of India, who stuttered after opting to bat before skipper Harmanpreet Kaur's resilient 39 not out (33b; 3x4, 1x6) propped up their total to 138 for five.
In a searing attack on the Bharatiya Janata Party-led Union government, Sena leader and MP Sanjay Raut also said that in view of Kashmiri Pandits once again fleeing from the Valley, 'Kashmir Files 2' should be made to show who is responsible for their current plight.
IMAGES from the IPL 2022 game between Lucknow Super Giants and Kolkata Knight Riders in Pune on Saturday.
A roundup of the Vijay Hazare Trophy one-day matches played on Tuesday.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'The BJP has 106 MLAs and Eknath Shinde claims the support of 40 MLAs. So why are they both not forming the government right now in Mumbai? Why the delay?' Rediff.com's Syed Firdaus Ashraf reports.
'We had real belief and trust in someone called Riyan Parag. We have been backing him for the last three-four years and he just showed it to the world today.'
Centre's move to form a 29-member panel on making the minimum support price (MSP) mechanism effective and keeping three positions vacant in it for SKM representatives has triggered strong disapproval from it.
Jobs in HR, administration and recruitment have seen a substantial rise as per Monster data with a 42% growth in job posting activity.
A bank employee from Rajasthan was shot dead on Thursday by terrorists in Kulgam district of Jammu and Kashmir, officials said.
IMAGES from the IPL 2022 game between Royal Challengers Bangalore vs Rajasthan Royals in Pune on Tuesday.
Punjab Kings buried Royal Challengers Bangalore under a deluge of runs as they kept their play-off hopes alive with a thumping 54-run victory, riding on superb half-centuries from Jonny Bairstow and Liam Livingstone.
A 29-year-old man in Uttar Pradesh's Greater Noida has been arrested for allegedly abducting an on-duty traffic policeman, who had stopped him to check the documents of his car, officials said.
Technology major Apple earned nearly one-third of its revenue from emerging markets and doubled its business in India and Vietnam in fiscal 2021, according to its CEO Tim Cook said. Apple posted a 29 per cent year-on-year growth in revenue at $83.4 billion in the fourth quarter ended September 25, 2021. Its net income stood at $20.55 billion in the said quarter as against $12.67 billion in the year-ago period.
Medvedev will be glad to play the role of dream wrecker once again.
Anjali Ryot was killed along with another German tourist on Wednesday night in the crossfire, californianewstimes.com news portal reported.
It was Australia's lowest total against Bangladesh in the shortest format, and Bangladesh's first victory against the Aussies in five encounters.
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