NDTV Promoters Seek Regulatory Clarification on VCPL Deal

Billionaire Gautam Adani's conglomerate last week said it was seeking to control a majority stake in NDTV.

Reuters

Billionaire Gautam Adani's conglomerate last week said it was seeking to control a majority stake in NDTV.

ndtv promoters seek regulatory clarification on vcpl deal

The logo of NDTV and Gautam Adani. Collage: The Wire

Bengaluru: New Delhi Television (NDTV) said early August 29 that its promoter group has written to the market regulator asking it to clarify whether the regulator's order in 2020 restricts conversion of warrants issued to Vishvapradhan Commercial Pvt Ltd (VCPL) into equity shares.

Billionaire Gautam Adani's conglomerate last week said it was seeking to control a majority stake in NDTV.

(Reuters)

This article went live on August twenty-ninth, two thousand twenty two, at fifty-eight minutes past eleven in the morning.

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