Indian billionaire Gautam Adani’s conglomerate has raised its stake in New Delhi Television Ltd (NDTV) to more than 37 percent through an open offer, making it the biggest shareholder of one of the country’s most popular news networks.
Although Adani’s group, which raised its stake on Monday, was looking to take another 26 percent stake in NDTV, the open offer attracted bids for just 5.3 million shares, translating to an 8.3 percent interest in the company.
