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Transfer to stifle any semblance of impartial media: Congress on Adani’s NDTV stake

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Adani launched a hostile takeover of NDTV, first with an oblique acquisition of a 29.18% stake within the broadcaster adopted by a proposal to purchase out an additional 26% controlling stake

Adani launched a hostile takeover of NDTV, first with an oblique acquisition of a 29.18% stake within the broadcaster adopted by a proposal to purchase out an additional 26% controlling stake

With billionaire Gautam Adani launching a hostile takeover of NDTV, the Congress on Wednesday alleged that the bid by an organization owned by Prime Minister Narendra Modi’s “khaas dost (particular pal)” is a brazen transfer to manage and stifle any semblance of an impartial media.

In a surprising transfer with the potential to alter the media panorama, Adani launched a hostile takeover of NDTV, first with an oblique acquisition of a 29.18% stake within the broadcaster adopted by a proposal to purchase out an additional 26% controlling stake.

The homeowners of New Delhi Tv Ltd (NDTV), one of many nation’s hottest information channels, stated they have been utterly unaware of the takeover till Tuesday, and that it was completed with out their consent or any dialogue.

In reference to the event, Congress Normal Secretary Jairam Ramesh tweeted, “The information of a deeply over-leveraged firm owned by the PM’s ‘khaas dost’ making a hostile takeover bid of a widely known TV information community is nothing however focus of financial and political energy, and a brazen transfer to manage and stifle any semblance of an impartial media.”

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By- The Hindu

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