Cyril Amarchand Mangaldas advised Adani Group on a stake in NDTV
The shares will be purchased at Rs.294 each amounting to Rs.492.81 crores;
Cyril Amarchand Mangaldas advised Adani Group on a stake in NDTV
The shares will be purchased at Rs.294 each amounting to Rs.492.81 crores
The Adani Group, through its subsidiary AMG Media Networks Limited, will acquire a 29.18 percent stake in NDTV. It has launched an open offer for another 26 percent stake in the media house.
NDTV made its announcement to the Bombay Stock Exchange (BSE) about the acquisition.
The Cyril Amarchand Mangaldas team was led by managing partner Cyril Shroff along with partners L Vishwanathan, Ruetveij Pandya and Akila Agrawal.