Politics
A balancing act
On the Adani Group's acquisition of stakes in NDTV and media ownership in India.
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…"