A snapshot of the media landscape in India. Photo collage: Himal Southasian.
A snapshot of the media landscape in India. Photo collage: Himal Southasian.

A balancing act

On the Adani Group's acquisition of stakes in NDTV and media ownership in India.
Published on

On 23 August, 2022, Adani Enterprises, a multinational conglomerate led by billionaire Gautam Adani, announced that it would be acquiring a 29.18 percent stake in NDTV [New Delhi Television], one of India's leading news media companies, through its subsidiary company Vishvapradhan Commercial Private Limited (VCPL). The Adani Group also launched an open offer to acquire another 26 percent of the media house.

The same day, the NDTV founders and the company said in a statement that the acquisition "was executed without any input from, conversation with, or consent of the NDTV founders…"

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