{"id":320,"date":"2023-01-01T20:30:00","date_gmt":"2023-01-01T15:00:00","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=320"},"modified":"2023-03-19T01:10:52","modified_gmt":"2023-03-18T19:40:52","slug":"ndtv-founders-to-receive-rs-602-crore-from-adani-enterprises","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/ndtv-founders-to-receive-rs-602-crore-from-adani-enterprises\/","title":{"rendered":"NDTV Founders to Receive Rs. 602 Crore from Sale of 27.26% to Adani Enterprises"},"content":{"rendered":"\n<p><strong>NDTV founders to receive Rs. 602 crore from Adani Enterprises<\/strong><\/p>\n\n\n\n<p>The founders of NDTV, India&#8217;s leading news media company, are set to receive Rs. 602 crore from the sale of their 27.26% stake to Adani Enterprises. The deal is expected to be completed in the coming weeks.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/ndtv-founders-to-receive-rs-602-crore-from-adani-enterprises\/#Background\" >Background<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/ndtv-founders-to-receive-rs-602-crore-from-adani-enterprises\/#Details_of_the_Deal\" >Details of the Deal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/ndtv-founders-to-receive-rs-602-crore-from-adani-enterprises\/#Impact_of_the_Deal\" >Impact of the Deal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/ndtv-founders-to-receive-rs-602-crore-from-adani-enterprises\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/ndtv-founders-to-receive-rs-602-crore-from-adani-enterprises\/#Important_Points_of_Learn_from_this_News\" >Important Points of Learn from this News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/ndtv-founders-to-receive-rs-602-crore-from-adani-enterprises\/#Frequently_Asked_Questions_FAQs\" >Frequently Asked Questions (FAQ&#8217;s)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Background\"><\/span>Background<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NDTV, which stands for New Delhi Television Limited, was founded in 1988 by journalist Prannoy Roy and his wife Radhika Roy. The company is known for its award-winning news and current affairs programs, including the popular show &#8220;The Big Fight&#8221;. NDTV also operates the NDTV Group, which includes channels like NDTV 24&#215;7, NDTV India, and NDTV Profit.<\/p>\n\n\n\n<p>Adani Enterprises, on the other hand, is a conglomerate that operates in sectors like energy, infrastructure, and defense. The company was founded in 1988 by Gautam Adani and is currently one of the largest companies in India. The acquisition of NDTV&#8217;s stake is expected to strengthen Adani&#8217;s presence in the media industry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Details_of_the_Deal\"><\/span>Details of the Deal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per the deal, Adani Enterprises will acquire a 27.26% stake in NDTV for Rs. 603 crore. This will be done through a combination of primary and secondary share purchases. The primary purchase will result in NDTV issuing fresh shares to Adani, while the secondary purchase will involve Adani buying shares from the existing promoters.<\/p>\n\n\n\n<p>The founders of NDTV, Prannoy Roy and Radhika Roy, will receive Rs. 602 crore from the sale of their stake. This is expected to help the couple repay their outstanding debt and provide them with some financial stability.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6643489308705072\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6643489308705072\"\n     data-ad-slot=\"3927628336\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_of_the_Deal\"><\/span>Impact of the Deal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The sale of NDTV&#8217;s stake to Adani Enterprises is expected to have a significant impact on the media industry in India. Adani Enterprises, which has interests in several sectors, is likely to use NDTV&#8217;s platform to expand its reach in the media industry. This move is expected to create a formidable competitor for other media companies in India.<\/p>\n\n\n\n<p>The deal is also expected to help NDTV, which has been struggling financially for the past few years. The company&#8217;s revenues have been declining due to the rise of digital media platforms and increased competition from other news channels. The sale of its stake to Adani is expected to provide NDTV with the much-needed capital to invest in its operations and expand its reach.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The sale of NDTV&#8217;s stake to Adani Enterprises is a significant development in the media industry in India. It is expected to have a major impact on the operations of both companies and create new opportunities for growth. For NDTV, the sale is expected to provide much-needed capital to invest in its operations and expand its reach. For Adani Enterprises, the acquisition is expected to strengthen its presence in the media industry and create a formidable competitor for other media companies in India.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\" id=\"NDTV-founders-to-receive-Rs.-602-crore-from-Adani-Enterprises\"><img decoding=\"async\" width=\"1024\" height=\"533\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/image-1024x533.png\" alt=\"NDTV founders to receive Rs. 602 crore from Adani Enterprises\" class=\"wp-image-324\" title=\"NDTV founders to receive Rs. 602 crore from Adani Enterprises\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/image-1024x533.png 1024w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/image-300x156.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/image-768x400.png 768w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/image.png 1248w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">  <strong>NDTV founders to receive Rs. 602 crore from Adani Enterprises<\/strong>     Image source : NDTV<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_Points_of_Learn_from_this_News\"><\/span>Important Points of Learn from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<style>\n  table {\n    border-collapse: collapse;\n    width: 100%;\n  }\n  th, td {\n    border: 2px solid black;\n    padding: 8px;\n    text-align: left;\n  }\n  th {\n    font-weight: bold;\n  }\n<\/style>\n\n<table>\n  <thead>\n    <tr>\n      <th>Topic<\/th>\n      <th>Details<\/th>\n    <\/tr>\n  <\/thead>\n  <tbody>\n    <tr>\n      <td><strong>Title<\/strong><\/td>\n      <td>NDTV Founders to Receive Rs. 602 Crore from Sale of 27.26% to Adani Enterprises<\/td>\n    <\/tr>\n    <tr>\n      <td><strong>Background<\/strong><\/td>\n      <td>NDTV is a news media company founded in 1988 by Prannoy Roy and Radhika Roy. Adani Enterprises is a conglomerate founded in 1988 by Gautam Adani.<\/td>\n    <\/tr>\n    <tr>\n      <td><strong>Deal Details<\/strong><\/td>\n      <td>Adani Enterprises will acquire a 27.26% stake in NDTV for Rs. 603 crore through a combination of primary and secondary share purchases. NDTV founders Prannoy Roy and Radhika Roy will receive Rs. 602 crore from the sale of their stake.<\/td>\n    <\/tr>\n    <tr>\n      <td><strong>Impact<\/strong><\/td>\n      <td>The deal is expected to have a significant impact on the media industry in India, with Adani Enterprises expanding its reach in the media industry and NDTV receiving the capital to invest in its operations and expand its reach.<\/td>\n    <\/tr>\n    <tr>\n      <td><strong>Conclusion<\/strong><\/td>\n      <td>The sale of NDTV&#8217;s stake to Adani Enterprises is a significant development in the media industry in India, creating new opportunities for growth for both companies.<\/td>\n    <\/tr>\n  <\/tbody>\n<\/table>\n\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQ&#8217;s)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<style>\n  h3 {\n    font-weight: bold;\n  }\n  p.question {\n    font-weight: bold;\n  }\n<\/style>\n\n<div>\n    <p class=\"question\">Question: What is the title of the article?<\/p>\n  <p>Answer: NDTV Founders to Receive Rs. 602 Crore from Sale of 27.26% to Adani Enterprises.<\/p>\n\n  <p class=\"question\">Question: Who are the founders of NDTV and Adani Enterprises?<\/p>\n  <p>Answer: NDTV was founded by Prannoy Roy and Radhika Roy, while Adani Enterprises was founded by Gautam Adani.<\/p>\n\n  <p class=\"question\">Question: What are the deal details?<\/p>\n  <p>Answer: Adani Enterprises will acquire a 27.26% stake in NDTV for Rs. 603 crore through a combination of primary and secondary share purchases. NDTV founders Prannoy Roy and Radhika Roy will receive Rs. 602 crore from the sale of their stake.<\/p>\n\n  <p class=\"question\">Question: What is the expected impact of the deal?<\/p>\n  <p>Answer: The deal is expected to have a significant impact on the media industry in India, with Adani Enterprises expanding its reach in the media industry and NDTV receiving the capital to invest in its operations and expand its reach.<\/p>\n\n  <p class=\"question\">Question: What is the significance of the sale of NDTV&#8217;s stake to Adani Enterprises?<\/p>\n  <p>Answer: The sale of NDTV&#8217;s stake to Adani Enterprises is a significant development in the media industry in India, creating new opportunities for growth for both companies.<\/p>\n<\/div>\n\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2.jpg\" alt=\"Download Edunovations App for Daily Current Affairs Free MCQs\" class=\"wp-image-271\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong>Download Edunovations App for Free daily MCQ&#8217;s on Current Affairs<\/strong><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>NDTV founders to receive Rs. 602 crore from Adani Enterprises The founders of NDTV, India&#8217;s leading news media company, are set to receive Rs. 602 crore from the sale of their 27.26% stake to Adani Enterprises. The deal is expected to be completed in the coming weeks. Background NDTV, which stands for New Delhi Television&#8230;<\/p>\n","protected":false},"author":1,"featured_media":325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,81],"tags":[98,97,99,100],"class_list":["post-320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-delhi","tag-adani-enterprises","tag-ndtv","tag-prannoy-roy","tag-radhika-roy"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=320"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/325"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}