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免费足球推荐(www.ad168.vip):Adani’s move may test acquisition rules

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Ambitious plan: An NDTV microphone is placed on a tripod along a roadside in New Delhi. Adani aims to turn NDTV into a global media powerhouse. — Reuters

MUMBAI: The sweetener offered by billionaire Gautam Adani’s conglomerate to the once-defiant founders of New Delhi Television Ltd (NDTV) could test India’s takeover regulations that require all shareholders to be paid the same price by an acquirer.

Founders Prannoy Roy and Radhika Roy sold 27.26% of their equity in NDTV to Adani-controlled RRPR Holding Pvt at 342.65 rupees (US$4.1426 or RM18.31) per share, according to an exchange filing yesterday – an almost 17% mark up to what minority shareholders received in an open offer that closed Dec 5.

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