NDTV says Adani entity’s move to take control of shareholder ‘without consent’

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NDTV says Adani entity’s move to take control of shareholder ‘without consent’

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

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BENGALURU, Aug 23 (Reuters) – Indian news organisation New Delhi Television Ltd (NDTV.NS) (NDTV) said on Tuesday an Adani Group entity’s move to take control of NDTV’s major shareholder was without consent from the company or its founders.

“NDTV founders and the company would like to make it clear that this exercise of rights by VCPL was executed without any input from, conversation with, or consent of the NDTV founders, who, like NDTV, have been made aware of this exercise of rights only today,” NDTV said in a regulatory filing.

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Reporting by Chris Thomas in Bengaluru; Editing by Krishna Chandra Eluri

Our Standards: The Thomson Reuters Trust Principles.

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